The sitemeter indicator which has called bottoms before is showing that my views have spiked from 500 a day to between 800 and 900 per day. In the past this has been a good indicator of an approaching bottom. Highest i had in page views was at the August bottom last year of 1300+ page views. I guess i get more readers when sentiment gets catastrophic!
USO and SPY continue to trade tick for tick.
The added problem you have with selloffs is that margin selling kicks in so it feeds off itself.
ReplyDeleteFeed-back loops...
the higher nat gas goes the lower CEP goes...
ReplyDeleteLet's hope we find that bottom soon.
ReplyDelete