Ian Woodward's Investing Blog

«
»

Stock Market: High Road to Climax Run

I have been very busy this past week, but felt I must raise a Flag after all the Blog Notes that got us to this point. We are at a critical juncture and this is probably the start of a Climax Run:

Sherlock Picture

You folks know the go to charts at a time like this.  So, let’s not waste any time and you judge for yourself:

Sherlock Pat2

Notice that when %B hits the top bucket, i.e., >1.0, it doesn’t stay up there for more than a few days.  The next chart shows we have had a long run above 0.5 for nearly a month, and that the Index is now Overbought:

Sherlock Pat1

Do Not anticipate the potential correction, but time is running out after today’s strong move up.

Best Regards,

Ian

This entry was posted on Tuesday, February 19th, 2013 at 8:30 pm and is filed under HGS Principles, Market Analysis. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Copyright © 2007-2010 Ian Woodward
Disclaimer: Commentaries on this Blog are not to be construed as recommendations to buy or sell the market and/or specific securites. The consumer of the information is responsible for their own investment decisions.