Thursday, February 12, 2015

Froth

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.




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