The VoSI VooDoo ReportOffbeat Ideas and Commentary from the Depths of Gil's Trading Notes
This is a fascinating chart showing how market corrections have become smaller and smaller as the market continues higher, as measured by the S&P 500. Is this an ascending wedge of sorts that indicates a the market is stretched at this point and in need of some cleansing action, or is it a measure of "coiling' that indicates a big upside blow-off is coming? I've never seen a chart like this before, so I have little to compare it to, but we can see what it is showing us with respect to current market facts. Perhaps how this eventually resolves will offer an interesting lesson, but the bottom line is that we don't have to worry about that too much since we can just stick to operating according to what the individual stock charts are showing us.
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