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Index non-confirmation

  • March 2, 2010 1:33 pm

Right now the secondary indicies are roaring ahead and the blue chips are doing nothing.   What dos that mean?  When you get index non-cofirmation in a liquidity driven market it means that there is not enough cash to take all of the indicies upto new highs.  when the secondary indicies are the ones going upto new highs and the blue chips are stagnant it means the remaining cash is all speculative.  This is usually a sign that you are in the final stage of the rally.   Speculative money is the quickest out.

Russell 2000 update

  • February 7, 2010 3:44 pm

Just updating the charts. The targets remain the same (see Summary of Market Calls).   First the 5 year with trading plan.

5 year RUT.x

5 year RUT.x

 And the  past couple of weeks…

Russell 2000

Russell 2000