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GTSOSC Current AnalysisCurrent Signal: CoverIssued On: 2011-11-25 with S&P at 1160. Next signal Expected Approximately 2012-01-24 Current Analysis: Last Updated: 2012-01-29 with S&P at 1316 GTSOSC +255 GTSMA +237 10day TRIN 1.21 CYCLE A /DAY 2 / avg 15 (see charts below) WEEKEND UPDATE: Last week we said, "Our indicators remain at overbought levels and we continue to anticipate a sharp reversal to the downside." This position has not changed but the length of Cycle 5 became extreme (41 days vs normal 19). The pattern of the markets during this extended rally seems to us to have the form of a rising wedge, one of the most dangerous patterns of technical analysis. It is normally followed by a sharp reversal which often retraces the entire pattern. When we get a significant break below GTSMA by GTSOSC we will go to Sell Signal status expecting downtrending markets until mid Febuary. Note: We will be travelling for the next month, so updates will be at irregular times. Chart Updated: 2012-01-27 |
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