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Internals & Sentiment
August 20th, 2008 at 4:50pm · No Comments
The picture presented by market internals and sentiment indicators is mixed. The High Low Logic Index reiterated it’s bullish stance with another buy indication yesterday. The Tricks Index suggests prices are headed lower. The 2-hour Put/Call ratio, an extremely short-term measure, plunged today, a reading that I believe has bearish implications looking forward.
Tags: General Market Commentary · Market Internals · S&P 500 · Sentiment
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