Aug 18, 2010

Another nothing up day.

Short-term: 4 yellow – tending yellow
Intermediate-term: 1 green, 2 yellow, 1 red – tending yellow
Stock targets: 59% swimming, 24% neutral, 17% sinking

Too early to short but the market is now definitely deteriorating underneath the indexes. Still a pretty good possibility that the market will diverge on the next leg down – with some companies doing fine and others falling. Still – this month is gonna go nowhere. Labor Day is when humans will start paying attention again.

I may switch the intermediate-term indicators to a weekly measure. Makes more sense since it is intended to measure direction 3+ months out and a couple of the indicators are currently too variable. But still need to figure that out.

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