Thursday, February 12, 2015


I can't say when it will happen, ( vix @15.45 today)perhaps a few more days of rally. A new high should make it happen. What will happen is an overbought condition that can reverse real fast.
On my chart you will  notice at the last ATH 2093 we went to 1992 in 5 TD's.
The next chart shows the MFI on the bottom also in the overbought area.

Sunday, February 8, 2015


Friday I would like to believe that the quad resistance played a part in the turn down.. You will notice we were also at the 78% level.

I would get a CIT and trend change around 2045 ish.