I really DID take the bait! GO LONG

It doesn't feel right to me. It doesn't feel right. May be a trap. But...we can't trade on feelings. And the decline felt a bit out of place anyway so...And if we do rally you can probably keep the miner trade in the back of your mind for now...It failed to break through again today and if global fears are easing it won't. BUT it might be good to enter at a bottom if you think we are going to have a rough year, cuz those guys are pretty beat up.

IF the futures tomorrow morning right before the open show a big positive increase...guys...we are going to rally. Its over. I suspected it today. Getting better at this. I see the $SKEW index is a good indicator of tops. Says nothing about bottoms. It doesn't quite make sense since Europe fears are still there, so we might not be rallying for long. The $VIX is a good indicator of bottoms...it starts declining when the bottom is in. Here are the charts for 1-7-15. If the futures are up...GET OUT OF ANY SHORTS and GO LONG ASAP.

 

$Tick Vs. $SPX

Fear and Greed Index