Topped?

[Samson77]

hmmmmm 2:1 ratio that we have more upside left:eek:

So let's see if I got this now?

I should go short because ET traders favour long but now I need to go long because everyone knows this indicator but because everyone knows, that we know, I'm back to short


LOL

 

[Nox]

To be fair, I think the fact that everybody knows that everybody knows actually means you should go long.

 

[murray t turtle]

Quote from Samson77:

Well there you have it folks!

The DIA and the SPY have now tested the 5 year highs on low volume and an incredibly negative economic environment.

Record oil
Rising rates
A disaster that will COST net -Billions.


So have we topped?

================
Think some major aiplines have topped ;
record oil seems to confirm thier downtrends.

George Will had a good point on $100 billion Katrina;
and US stock market corrects about 100 billion [=1%]
and market advances about 2 % net =200 billion net.



And like you said Samson, below average buy vol.

Actually SPY has had some above average sell voulme this year;
but here is why I consider that volume secondary,
AUG - SPY only pulled back to close $122.58
Advances on bad news = bullish

Tek stocks tend to be a good buy in OCT;
mainly because they get low. Not a prediction.