THE DOT - if this turns orange or red be alert

Wednesday, May 19, 2010

part 2

3. The slow motion decline is in full progress for the SPX as we are testing the 200 day MA a second time around 1103 but we rather retest the lows of Mai 7th soon as well. The Venus passage of the 'Grand Cross' was a negative event the last 3 days as the EURO finds a temp bottom. We will have a decoupling of those markets soon and Gold topped out with the special Heliocentric Mercury effect heading for the 1170/80 support.
Rydex is still at 1.17 giving plenty of downside scope, with Investor Intel. coming down to neutral territory.

excerpt
Date Published Percent Bullish Percent Bearish
05/19 43.8 24.7
05/12 47.2 24.7
05/05 56 18.7
04/28 54 18
04/21 53.3 17.4
04/14 51.1 18.9
04/06 48.9 18.9
03/31 48.3 19.1
03/24 48.9 20.5
03/17 46.1 21.3
03/10 44.9 23.6
03/03 42.1 22.7
02/24 41.1 23.3
02/17 35.6 27.8
02/10 34.1 26.1
02/03 38.9 22.2
01/27 40 23.3
01/20 52.2 18.9
01/13 53.4 15.9
01/06 48.3 16.9

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