The CBOE hit it lowest level since December 20th. That’s a quite a while. I checked to see what happened after other times it hit at least a 100-day low:
Score tonight Bears 2 – Bulls 0 (for the short-term).
Assessing Market Action With Indicators And History
2 comments:
CBI still at "0"? I thought that meant "buy".
I see the Nas, SP500, and DJIA as pullingback here as they are overbought on the "weekly".
Thoughts...?
Thanks,
dieselfuel
dieselfuel: CBI still at "0"? I thought that meant "buy".
You thought wrong. Higher = looking for bounce. Zero is nothing, no bias either way.
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