Monday, October 3, 2011

3 Oct 2011

This new low confirms the broad weakness that is shown in the indexes.  McClellan Summation is still not at new lows.  VIX looked a little slow today.  Recall that my target was around 55.  Looking at the Dow, 10250 looks like a reasonable target, but both those (VIX more so) seem like they couldn't happen.  So they might.
 Pretty oversold again in the medium term.
 Pretty oversold in the short term.  Only about four higher peaks.

"That which has been is that which will be, And that which has been done is that which will be done."

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