Monday, April 19, 2010

Chart of Charts

There are several posts that talk about what the Chart of Charts is, and some interpretation of the various frankensteined parts of it.

Bottom line....Friday was bearish, but all the 5 day, 10 day, and 20 days moving average of cumulative days of charts broken out bull or bear, clearly show bull as they have for a long time now.  

This market will crack quick when it does.  Leaving most bears out in the cold.   However, the indices could easily go parabolic up --- similar to 1999.  

So it is very tough to bet short.  Perfect setup for the "Squids that Be"  In Lloyd we trust.

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Insightful and Useful Comment!