With a VIX print today in the low 15's, this is showing extreme complacency, it might be what I just mentioned, 3rd yr cycle and Santa rally is a guarantee right? BUT price could not run past the 1245-6 level I show as resistance.
But we have extremes in bullishness, maybe not your neighbors, but the polls say it, the VIX says it, CPC says it, the ANALysts say it.
If we haven't already IMHO ,we may just reach THE TOP in the next 3 months, just my stupidass guess.
BDI weekly chart just broke the uptrend line from 2009 lows. Not a timing indicator but can be used for trend purposes.....it has been a little early or late but it has usually followed the economic trend pretty good....worrisome
Duratek
No comments:
Post a Comment