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.
MensaMonkey 2013 has a little extra under the hood. Maybe Dee Dee can explain...
http://www.youtube.com/watch?v=exVNYxJ4lGI
Thanks Dee-Man, I can always count on you to clear up the
confusion.
I also have a suspicion that the MensaMonkey is keeping a
close eye on the mother of all gaps...
...and the S and P ceiling because it looks like the price bars can't
go any higher,
...and the VIX floor. How low can it go??
It's a bold move shorting the market here but MM is quick
and nimble this year which reminds me...I should adjust the "quick and
nimble" settings at some point.