The ISEE MA's are about to see todays numbers and try to digest the 52 - week high of 220 and see when it was made - thats the only time I have seen such a thing because it would usually mark a high not a low - clear indication of manipulation.
Anyway more reliable are the MA's the 10 tops around 150 the 20 makes 140 to a good level - we do not have the levels yet. The fact that the VİX dived below 20 is also good for a top but the count says 3 more weeks of lower weekly closes are very likely before the big turn comes. It can be a bit more tricky though as starting next week for different reasons the probability is rather for a spike in vol for the next 2-3 weeks and we get a final upmove starting later in Jan briefly. I was looking for a double top in the Nov/ Dec period but now it looks it will be delayed by a month.
|Previous Trading Day||153||12/21/2009|
|10-Day Moving Average||135||12/08/2009 - 12/21/2009|
|20-Day Moving Average||134||11/23/2009 - 12/21/2009|
|50-Day Moving Average||133||10/12/2009 - 12/21/2009|