Wednesday, December 15, 2010

Another Brick In The Wall

A few weeks ago I mentioned that the Chicago P/C Equity ratios were not at the type of extremes that one would expect at a significant peak. Last week a chart showed how low TRIN did not necessarily signal a market correction.
However,when both the CPCE and TRIN are at extremes--like now--the probability of an imminent correction is significantly increased.

1219.50 and 1256.00 are important levels to monitor.



Below shows an intersection of two pitchforks...INTERESTING........



Perhaps it can be viewed as 'Another Brick in the Wall'

Thank You Pink Floyd !!!!!

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