The way I see it is the CPC is now just living in overbought land. What excites me is the Kiss of death the SPXA50 threw down on Friday. Just take a peek at what's happened when the SPXA50 has kissed the 400 mark. I do not know if it will hold true, but I like the trend.
Its looking ok...for us bears...but the 4 week rally has absolutely crushed a good portion of my options.
ReplyDeleteI am still thinking P1 :-P
Uh oh...bulls better sell here.
ReplyDelete