Bull/Bear Battle Continues

It would appear the seemingly nonstop march higher is over. At least for the moment, as we're starting to see some day to day whipsaw action.



The Seven Sentinels remain in an intermediate term sell condition. Notice BPCOMPQ turned back to a sell today. And internals continue to struggle, but price has been largely resilient in spite of the recent volatility. And that may continue.

Stop by Sunday and I'll have the tracker charts posted. See you then.

 

[GoNoles]

Coolhand - Your blog has been very informational; Thanks! What do you mean when you say "intermediate" in relation to a buy or sell condition?

 

[coolhand]

Coolhand - Your blog has been very informational; Thanks! What do you mean when you say "intermediate" in relation to a buy or sell condition?

"Historically", perhaps 2 to 4 months. That would be in a market that is not too volatile. The current market has many "issues" to contend with and I suspect we'll continue to see volatile trade on and off again for some time.