...daily price rolls over gently pointing down to the 27 October 2011 High *1292.66 support and with todays Trin: *1.38 leaves the bears in charge
stocktiming.com: ...strong stocks and FTL(follow the leader/very strong)-stocks so far dropped 69.3% off the 19 January High *228 - suggests Mutuals, Hedges, Institutions won't keep buying at higher prices when the underlying stocks are not increasing their sales and profits at the same rate - combined with a stop in inlowing liquidity sets the market at high risk of a precipitous drop
...the VIX remains trading within the descending wedge
...as a result, portfolio protection remains set *75% in a market trading below the 23 January 2012 High *1322.28 on a Close basis
Kind Regards
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