Tuesday, July 19, 2005

A NEW HIGH

SPX/VIX RATIO This ratio is now 30% ABOVE the 2000 mania high! WOW! Alone it doesn't tell me an exact time for its coming decline, but there shouldn't be MUCH more gas in the bullish tank in this rarified air.

A corection is coming, we just don't know what form it will take. 10K is more likely than 11K IMHO

D

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