Tuesday, June 7, 2011

7 June 2011

McClellan rate of change decreased today which is a good thing for bulls, but it did make a new low.

Surprisingly, my short term indicator actually went up again - barely.  We are holding at a little over 80%.

I would not be initiating new short sales here, but I also wouldn't be buying yet.  Huge help, I know.

We haven't really had many panic shakeout days in this decline.  This has been bothering me.

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