Saturday, June 13, 2009

MESSY Breadth Picture

The IM Portfolio is showing a messy breadth picture for this last leg of the rally.

(1) messy - green McClellan Oscilator with no clear broad participation

(2) a lower low in the green OSC as highlighed by the signal

(3) a fallin purple McClellan Summation Index

Breadth can be messy for some tim but tends resolve into a trend .....

Overall short term bias: BEARISH




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