The chart above is that of the 25-day ADV/DEC Volume ratio
(blue line) vs. the S&P(yellow line).
The green line provides a simple way to demarcate a bull market
kickoff.
Note that in January, the A/D VOL came very close to the green
line.
Currently, it has some room to go.
Consequently, and considering the fundamentals, it is not hard to
entertain that this is a bear market rally.
6 comments:
Will,
Nice Post! Seems like George Soros has gone bananas bear, I realize bananas don't grow in bear habitats for the most part - - see clusterstock - - that is provided the G20 don't come together. I believe this is his way of providing some pressure on the international community, I'm not sure his bearishness is that strong as a statement in its own right. Could be given the state of worldwide indebtedness.
SS
Will,
Thank you for your comment. Very helpful.
Have you noticed that $TRIN has been steadily rising for the past few days, and the market has been rising steadily with it? Right now, it (and its 5 DMA) is actually close to levels I associate with bottoms in the market. What gives?
Will ~~
You mentioned we'll see new lows eventually. Just to clarify. You think we'll see something lower than March 9, S&P 675?
Tim
SS,
You've got to respect G. Soros's opinion.
Win, a high Trin gives me a better feeling if I am buying a correction.
Yes, Tim
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