No. of Recommendations: 14
With the rout in the markets on the 5th November, the BCC is almost entering an interesting phase. BCC I (S&P500 SMA200 cross-over - currently 7353.74 vs. 7322.74 SMA200) is about to change state if there's another moderate down day or a series of slight declines from here (perhaps on Friday the 6th) and given the BCC II (Nasdaq NHNL based check) is already negative this is beginning to approach significance.
For the BCC I, I believe the details are here:
stockcharts.com: SharpCharts | StockCharts.comFor BCC II the details are contained in zeelotes weekly summary, but also backed up by my own personal BCC calculations (thanks lohill for the initial recent kickstart).
For BCC III it appears it'll be around another 2 months before a state change based on this estimate:
stockcharts.com: SharpCharts | StockCharts.com Market breadth has been recently broadly negative (with the exception of yesterday) since circa the start of September, the indexes are flat to slightly down since that period, there's frothy IPO activity and the BCC indicators are slowly changing state. Perhaps it's not the right time to be carrying any margin?
Be careful out there & do it to them before they do it to you!
Platykutic
