The technical INTERNALS are grossly OVERBOT as of FRIDAY Nov 18th.
From this date to Dec 1st the equity and yes even the gold markets are vulnerable to a severe sell off.
Heres some of the stats:
Last 6 days daily arms has been under 80
5 day TRIN = 77.2
5 day ARMS = 386
10 day arms = 86.0
Spx Vix ratio = 112.16
CBOE pc ratio = .62
OEX pc ratio = .78
SPX 500 pc ratio = .81
These are ALL extroadinary bearish readings all at the SAME TIME.
SO, given this informtion alone, we should expect some severe selling to occur. I do study other arcane input which will not be discussed at this time.