Mentorship

Mentorship

Dow

27 Nov 2014 ‚óŹ 07:04 AM

EWI reported today that the Investors Intelligence Advisor's survey Bull/Bear ratio crossed a reading of 4:1 bulls v/s bears. That is a multi year extreme and a 3rd time in a year. The chart below shows the occations and reactions. Currently the Dow is near the upper bollinger band and momentum indicators are diverging into sell against price. The RSI shown on the chart is at 75.37 overbought as it was in Dec 2013. The sum total of all this is quite ominous.

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