Wednesday, October 10, 2007

2 bullish signals

For the buy signal Option traders are telling us the market has hit a short term peak ,yep that’s the news of the day .The same facts that produced a upside on Friday are now the same data points that will lead to the massive demise of western civilization some how I have heard this all before.

Another bullish signal continues to be that retail investors continue to take money out of equity mutual funds. In the past there was no better predictor of market direction than mutual fund money flows.What can I say looks like a nice set up for some more upside in US equities?

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