Sunday, March 7, 2010

Fear Factor update and Chart of Charts Commentary

Friday was a strong breadth day.   The FF factor jumped up (which is actually bullish for stock prices).
I have long futures on ES, but ready to throw them under the bus at the drop of a hat.

CHART of CHARTS---suffice it to say, it's fully bullish. The 5, 10, 20 DMA all bullish, and strongly so. Bullish for an unusually long time period now.

Maybe I can produce the chart during the week, no time tonight. But keep in mind, over half of all the charts are "ready to do something", ready to breakout into bullish or bearish patterns. That's alot of volatility potential!

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Insightful and Useful Comment!