Thursday, January 24, 2013

Weird Wind

Wednesday  23rd Mkt.
The Dow up 80 points at one point all on the dime of IBM.
A little weaker on adv and little strong on declines.
OEX P/C ratio .85 after being at 1.00,2.00 and even 5.00 of late.
You would have to go back to 11-26-12 to see a low in that area and the next day was down.
The upvol today was down on an up market.
The vix+ spx = dn tomorrow. (70%)
Strangely the tick and trin were very close to 11-26-12 numbers.
Remember this all happened before The AAPL effect.
We have a cycle low Thursday

We could have the first down day in 8TD.
Best Jerry O

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