Friday, January 25, 2008

Bullish Percents slowly turning

After dropping into the abyss, the S&P bullish percent is showing some signs of life. Whipsaws are not uncommon for this market internal, but at these levels I would be surprised to see Thursday's signal as such.

There is still a little work to do for the Dow bullish percent:

With the Nasdaq bullish percent likely to trigger 'long' on Friday:

If I was to make a big guess as to what may follow over the next couple of months I would look for something like this: