Market Stress Indicated in this Chart

Thursday, 20 May 2010 19:50 by synergize

The bull-vs-bear chart shows a spike of the bearish indicators. I think there is a strong indication of market reversal. A similar pattern was observed last year when there was a series of spikes by the bulls. This time around are the series of strong spikes of the bear signals. I think these are signs of stress and the market is giving up the uptrend(since early last year) and previous support levels . The latest two spikes of the bears are strong confirmation of the new trend (downtrend).

Comments

Comments are closed

Videos

Loading...

Trading Tips

Avoid shorting stocks in biotech or any other sectors heavy in high-end research and development - Vad Yazvinski(on Risk-management principles)

Poll

This poll is closed.
On 8/19/2009, the United States economy is out of the emergency room and appears to be on a slow path to recovery, Warren Buffett wrote in an opinion column in the New York Times.
I agree with Warren Buffet's opinion
 
75.0%
I don't agree with Warren Buffet's opinion
 
25.0%

Total Votes: 4

Finance Quote of the Day

The fact that equities are being sold down, despite the lowest interest rates in recent history, simply means that the market doesn't see growth ahead for very many businesses. - John Malone