Saturday, August 6, 2011

Market Votes on Washington Histrionics

 It's Up to Us to Clean Up the Mess - Come on America!
 SPY 20 Day, Hourly - 8.5.11 - The Market Does Not Go Down Forever.  The Current Environment is Very Negative.  Perhaps We Should Look for a Bounce on Monday?
PIX/SPY Divergence (VD Test) - On Balance Volume has been overlain on the SPY Chart.  The Mode is Very Bearish.  Considerable Work by the Bulls is Needed to Even Make a Dent.  On the Positive Side the Bad News is Already Out There.  "Do the Bears Have Any More Bullets?"