Insider SELLING 7/31/2002http://moneycentral.msn.com/content/P27604.asp
Sometimes they DO ring a bell!
If only we could look at life in the rearview window?As bearish as I can be, even I find it hard to think of stocks getting down to levels we have already seen. But I am sure as hell not buying and holding in here....a break of 10K is almost assured.
If a bell rang in 2002, nobody I know heard it, at least I heard the bell of 2000 ! I damn sure wish I could have gone 2 for 2!There is SO much to LOOK at, some VERY easy things to help guide you.
One was the 50 SMA moved up thru the 200 SMA in 2002....something it hadn't done in 3 years, THAT alone IMHO was enough to signal some kind of change was in the air, a PAUSE of some kind in the BEar.3 FORAYS into 40 PLUS VIX. 90% fall in an index....if that ain't a damn bell a GONG what is?
NOW?
VIX of 10
REcord string of IIAA bullishness
plumetting small investor short interest
smart money short all 3
spx/vix at alltime highsCPCE at historic lows 20 EMA .54
8 wk VICKERS insider sell buy near 5.0
Dow Theory Bear Mkt bottom not satisfied.
RR keeps saying investors are "turned off to stocks" and he is wrong, they JUST added housing to the mix.
Shares of BB stocks volume at all time highs....with no capitualtion there is no loathing of stocks, they just RIDE IT OUT, the lemming silence should not be confused with distaste!Maybe I don't hear a bell, but maybe a foghorn...
IMHO, when the dust settles, the METALS will SCREAM higher with FRENZIED buying....after they find a LOW. what else is left to run?
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