IN ADVANCE
and Im sure you ALL noticed how well it showed last Monday & Tuesday
PC ratios are still oversold, so any important sell off Monday should come from some outside influence.
Tehcnically the ARMS 5 day ma dropped from a WHOPPING 3.24 on Tuesday
ON 10/3
5 day ARMS was 2.99 ma //// ON OCT 7th = 1.18 , not a raging sell but not a buy either
5day Trin was 1795 ////// ON OCT 7th = 592, and thats quite a difference
10day Trin was 2340 ////// ON OCT 7th = 1722 , also much lower
AND THE SPEED at which these internal measures dropped is IMPRESSIVE
There was an impressive 3 day run of the ARMS index UNDER.50
3rd = .27
4th = .47
5th = .34
I don't think I've ever seen that happen before.
MORE LATER
Jay
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