hmmmmm 2:1 ratio that we have more upside left:eek: So let's see if I got this now? I should go short because ET traders favour long but now I need to go long because everyone knows this indicator but because everyone knows, that we know, I'm back to short LOL
To be fair, I think the fact that everybody knows that everybody knows actually means you should go long.
================ Think some major aiplines have topped ; record oil seems to confirm thier downtrends. George Will had a good point on $100 billion Katrina; and US stock market corrects about 100 billion [=1%] and market advances about 2 % net =200 billion net. And like you said Samson, below average buy vol. Actually SPY has had some above average sell voulme this year; but here is why I consider that volume secondary, AUG - SPY only pulled back to close $122.58 Advances on bad news = bullish Tek stocks tend to be a good buy in OCT; mainly because they get low. Not a prediction.