The MensaMonkey doesn't like what he sees. MM ate a full helping of the ProShares Short
QQQ (Symbol:PSQ) today. Amazing. With all this "rational" post
fiscal cliff exuberance, how could anyone be bearish? When situations like this arise, I can only
try to describe what I see. The MM flashes positive signals to "go long" but all the
numbers whizzing by are "pulling" in the other direction which tells me MM feels
the undertow of a sell-off. Stated
another way, the longer term signal is overriding everything else.
I also have a suspicion that the MensaMonkey is keeping a close eye on the mother of all gaps...
...and the VIX floor. How low can it go??