7.26.2007

BUY LOWER SELL HIGHER


On a final note, the other day when I discussed my "signals," I mentioned a moving average of the Advance/Decline lines. Low and behold, today's averages hit numbers last seen on March 5, 2007 and May 17, 2006. If one looks back on the charts, those were pretty good days to buy the markets.


So, with VIX/VXO moving averages stretched at/near 25% above their respective 10 day SMA's, the 2 day RSI numbers about as low as they go on the major indexes and the advance/decline lines about as oversold as they get- therefore I will declare a buy signal.


1 Comments:

Blogger Andrew755 said...

Wow it feels like the world is ending today... yikes

12:07 PM  

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