As I reported that evening, with the most recent HO signal having occurred on June 19th, the Monday signal could have been considered as part of a larger cluster that began back in June. But then the HO issued another signal on Tuesday in which there were considerably more new lows generated than new highs. And today, yet another signal has occurred. No matter how we want to classify this cluster, the message is the same... that although the NYSE ($NYA) is still officially rising (as determined by the fact that the 50 day MA on the NYSE is rising), there is still a horrid degree of polarity that the HO was designed to detect and issue its alerts on.
So what happens next? If you haven't read the answer to that question yet... you can find it here. In brief... it's not necessarily the end of the world. In fact there is a 73% chance that there will not be a major stock market crash. Gotta think positively, right?
So there you have it... HO signals issued on August 5th, 6th, 8th, 9th,13th and 14th, 2013.
|How fast can a bubble pop? Faster than the blink of an eye!|