Monday, March 2, 2009

More bottoming tomorrow

SPY candles : http://tinyurl.com/c2ksfl
SPX candles : http://tinyurl.com/b9tyjt
Just another ugly, gap-down red candle down like FEB 17.

Today certainly was not a traditional high volume drop typical of even intermediate bottoms: http://tinyurl.com/8oj5a6

$CPCE was a nice high, panicky spike, good for a turnaround shortly:
http://tinyurl.com/d9m7ql

New highs/Actives has just a wee more room to drop, also good for a nearby turnaround :
http://tinyurl.com/byro6n

Slope & Stochs can drop a wee more :
http://tinyurl.com/6uzmsx

Selling on strength are a lot of inverse ETFs :
http://tinyurl.com/b2y7wd
However, only the cubes had any buying on weakness :
http://tinyurl.com/bl6jct

Lotta waaay OTM SPY & cubes calls :
http://biz.yahoo.com/opt/stat1.html
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