Thursday, June 2, 2011
2 June 2011
As I predicted a while ago, things would mostly remain quiet - not many large panics to either side - until the VIX broke out of its triangle. Things are lining up nicely that that might occur in July after QE2 ends. Next minor Bradley turning point is June 15. Next major turning point is July 29.
I created new scans for Hold Long/Short - Long term which will give the percent of stocks with the 50 day EMA over/under the 200 day EMA. Shockingly, the first data point is a whopping 73% hold long - that means there is strength or plenty of room to fall once the time comes.
"In times of change learners inherit the earth; while the learned find themselves beautifully equipped to deal with a world that no longer exists."
at 9:22 PM