anonymous $TRIN moved above 1.2 right before the close today…that signals
selling. I would expect to see more selling in the morning, should that
momentum continue. There is nothing hinting at a violent swing up, or
down on TRIN at the moment. Of course, that sort of thing changes
quickly with TRIN, but that’s the way it looks right now.
http://vahidsport.com/pltyte/factore/8167 As for the
VIX-VXZ 5-15 ratio that you and I favor, it continues to flash an early
warning sell signal…as I say, it needs further confirmation.
Confirmation, in my system comes from the RSI on the Summation Index
(which I see you referenced in your post) and BPNYA-pSAR. So far,
neither of those two have confirmed, although the RSI on NYSI is closest
to confirming a sell. That’s my read of things for now.