Has not made new lows yet so there is no divergence from the indexes to give us a clue.
This turned on Friday. Hold long is around 40%.
This climbed Friday as you can see. Oversold by bull market standards, but we don't know what a bear will bring. I would imagine something of the inverse of what the bull looked like - consistently high.
Quite a divergence on this from the other indexes. This shows strength, but it is weakening.
Long term indicator keeps heading upwards. I estimate that this can reach 85%. We will see.
"If goods do not cross borders, armies will."
Frederic Bastiat
No comments:
Post a Comment