|
PureBytes Links
Trading Reference Links
|
Cycle down or breakout? That is the question. There are a number of
measures that say optimisim is breaking out all over like springtime
flowers. Even with springtime dark clouds can lurk overhead. One in
particular is the WST Master Index reading from the Bulls or Bears website.
The output of the WST program is primarily derived from index and option
data, thus it is a composite sentiment measure. Thursday's data provides
the reading for Monday and that reading is a unanimous sell, spelled SELL!.
The exclamation point means the Master Index is on a sell and the 4
confirming indicators are on a sell. The confirmers are p/c ratios and
something appropriately called a "screw factor". Predictions are prone to
making fools of the messenger. Let's see if the WST indicator lays a big
egg on Monday.
Happy egg hunting,
bobr
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
Attachment:
Description: "CONE.gif"
|