Bullish Situation

• Posted by Adam Warner
• on July 27th, 2010

I mean we have a bullish situation on the market, so says Rob (R Han) Hanna of Quantifiable Edges. He emailed the following study out to subs yesterday.

In VIX-land, we are getting close to oversold as we sit about 8% below the 10 Day SMA. One interesting development is that even though the futures are at huge premiums as we noted earlier, they’re starting to trend lower. A very long way to go though to turn that ship around.

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