Market Diary

Daily and Weekly Summation indexes are in oversold area and expecting a bullish movement, at least weekly summation index gets 485 level and daily become overbought area.

$NYSI summation index is bottom like June 27 TH level. Most of this level sudden change in trend can expect. I think there is more up side risk than down side. My expectation is VIX could go to 25 level when we approach towards September long week end.

Please refer my 2010 Dec 1, posting. http://fazdane.blogspot.com/2010/12/planning-to-load-up.html

Here is 2011 and 2012 over all market look like according to Bradley Siderograph and Important turn dates for coming 5 Years