Wednesday, January 16, 2013

Oex ratio 3.40 Big Move

If you scroll my blog you can find where I have posted this big ratio.
10-2,10-8,12-10, on the Oex. Tonight I did a little more research and found the Spy @2.09 and the QQQ @3.09 These are all high

*I have a 144 TDL for Wednesday.
*We have the vix+spx calling for a down day (70%)
*My chart yesterday called for down.
*We have double tops here and there.
*I'm over bought but OB can be as bad as OS as far as surprises.
*Oex down .31  with most others up.  leader!

If all this bearishness fails we will climb fast and hard. The market has had many chances to go down like Tuesday AM only to come back so there is upside momentum.

The DAx and SPx usually run together and the DAx was down.

Big move is all I can say.  I hope it will be down!

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