This chart is from March 2009 to the present...It is the ratio of dollars in long funds divided by (dollars in long funds plus dollars in short funds)...Note that this ratio is currently at the same level as it was in April 2010 before the market corrected into July 2010...This does not mean that the market cannot advance from here, but, we should exercise some caution...We are still holding our long position since Dec 1st and we will wait for a new signal before we sell our position...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.