22 Mar 2012

Where to now?  I don't know.

 It is probably no surprise that we are overbought for the long term measure.

 Medium term is challenging its trendline up from last August.

 S&P 500 has significant weakness in volume.  This is also no surprise, but the MoneyStream in the middle really shows it.  I don't know if volume matters because this has gone up for so long on low volume.  I guess in a few years we'll know.

 Not quite oversold yet in the short term, but nearing that level.

My short term summation index still remains at very lofty heights.  It is interesting to see that despite the Dow rising while this fell from Sept 10 to June 11 that the Dow actually erased all those gains in less than a few weeks once the weakness finally "infected" it.

"Successful investing is anticipating the anticipations of others."
John Maynard Keynes