Get Out Of Dodge
A friendly reader reminded me to check the ISEE last night – and boy was I in for a surprise. Listen folks – they will play their game during the X-Mas season and make sure that all those December index puts will expire worthless. But be this as it may – it’s time to get out of dodge.
Why? Look at this juicy chart:
Quite frankly folks – it doesn’t get much sweeter than this. As I said in the teaser – they will probably keep equities on crotches until after OPX, but I expect some serious fireworks once the bus is completely empty. A 327 reading is simply ridiculous – especially if it follows on the footsteps of a 113 reading. Also worth noting is that both were way way outside the 2.0 Bollinger.
In case you are a noob and don’t know what the ISEE is point your browser here.
We all know December is paint the tape month – so I don’t expect an instant response here. Be this as it may, my point stands. Get out of dodge as soon as possible – equities are a train wreck waiting to happen.
Wait a minute – what did I just board to get out of dodge… crap!
This entry was posted on Thursday, December 2nd, 2010 at 4:25 pm. Both comments and pings are currently closed.