Tuesday, June 19, 2012

19 June 2012

Nearing upper limits for shorter time frames.
 I didn't double check, but the reading today on the McClellan Oscillator today looks like the highest ever.  The lines are moving averages that don't reflect today's value yet.  I put a line at the top showing how extreme it is.
 Short term excel chart up at 80%.  Is this sustainable?
 Medium term summation index just started to try heading upwards.
Short term summation index is  not keeping up with the Dow which has ascended at a 75 degree angle.

It seems like a lot of people are expecting great news from Bernanke tomorrow.  What happens if he doesn't provide?  What happens if he does provide, but it still doesn't beat what seems to be extremely high expectations?

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