17. May 2012 00:58
I'm sure I don't need to harp on about how good the OVI is ... but seriously ... it is ridiculously good!!
We've known for some time now that the markets weren't happy. The S&P OVI has been negative for well over a month and key support levels have now been broken. Even AAPL has broken its support at 550.
Just take a look at my email from Sunday night and you'll see we were correct on EVERY CHART!
That means S&P, AAPL, Nasdaq, RIMM, QCOM, HPQ, BAC, GS, CHK, SLB, MCD are all down.
I said AMZN was holding up ok, and it still is!.
BIDU is pretty much where it was and is now forming a bear flag, albeit without a compelling OVI.
Here's the note from Sunday ...
If you're in the OVI Traders Club, check the updated charts on Thursday morning. If you're not in the OVI Traders Club ... you really should be by now - this stuff is seriously powerful! And it's safe too.