Monetizing the SP500 and NQ100 futures against our own UPP (underlying price propensity) Index suggests the year long action may be part of a bear market rally. The big break in the UPP Index begins at the end of summer 2008 where market participants were still believing the bull was still alive. However that soon changed as massive liquidations began and continued up to the spring of 2009. The Index measures price behavior conducive to prolonged upside action. For more information click.
Sunday, March 21, 2010
UPP Index
Monetizing the SP500 and NQ100 futures against our own UPP (underlying price propensity) Index suggests the year long action may be part of a bear market rally. The big break in the UPP Index begins at the end of summer 2008 where market participants were still believing the bull was still alive. However that soon changed as massive liquidations began and continued up to the spring of 2009. The Index measures price behavior conducive to prolonged upside action. For more information click.
