Saturday, January 7, 2012

Sentiment and Breadth sport topping patterns

The Sentiment workhorse Indicator is Overbought and has entered a topping Pattern, which will flip here or gor for some fake breakout and kill everyone once people start trusting the breakout.
 Our Vix fair Value says that we are either at the bring of a bullish acceleration or close to an interim top.

Breadth blows into the same horn which the additional info that the recent rally did not lift all boats in the tech space and was more driven by large cap household names.
We also have reached a level of BUYING PRESSURE at the IM portfolio that either happens at breakouts or at interim tops.


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