We have been shorting rallies successfully but not easily but the last two days have been somewhat better and since we have hit two widely followed extremes in sentiment we should fall hard ....1) .39 Equity put call ratio has never failed 2) 90% of all stocks at or over 20DMA.
These double barreled sell signals should get us back to 1013 min and probably 1000 for a buying opp for those left out.
The P.M. selling is a clue that more is too come and a couple days of bad A/D will not be good for the bulls.
Please let me know how you are doing !
Tom
