896.24 898.78 902.89 908.04 spx 885.52 882.98 878.86 873.73
The markets have recovered, right after we advised to take most of profits. OK! who knows, maybe Dear Bernanke is my friend indeed, but he did not do anything yesterday did he(:-
In any case, the PCRatio is still tired, but could stay this way and frustrate bulls and bears for a while. We key on our pressure charts though to tell us when the next upside exahustion has arrived.
Yes, and if would like AP(Attraction Point) Miracles, look at the previous post and see how APs were hit and revesed. Now, the picture is missing the low of yesterday reversal , which also hapenned hair away from fifth low AP on hourly bases ( ILAP)