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Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: Control Panel: Only a spring shower?||Date: 2/24/2013 1:00 PM|
|Author: WendyBG||Number: 416600 of 502704|
I would like to thank everyone who responded to my post of a few days ago, "Nor'easter moving in," especially brucedoe, who posted details supporting the case for stability and a continued bull market.
On Friday, the market seemed to catch its breath after the topping pattern and buyers swooped in.
Although the Fear & Greed index is still in "Extreme Greed" (76), it is lower than it has been for the past month or so. The "Mungofitch lagged MA" has dropped slightly but is still way above the MA line and still very bullish.
All measures of stock market bullishness cooled off slightly last week, but are still well in the bullish range. Volatility is up very slightly.