Weekly Risk Report 10/27/2008
While the new lows posted last week aren’t down that much from a couple of weeks ago, it is getting a bit monotonous seeing the markets decline. Our i-Wave risk indicator is again showing there’s little need for accumulated reserves of cash. Indeed, we’ve been busy reducing our available reserves in sync with the declines.
Again this week we see three of the four components deep in their own Bullish territories. There’s no IPO activity so our fourth component is not telling us anything right now. With the elections just days away, we may see some interesting activity. Afterward, maybe we’ll start to see something a bit less predatory going on in the markets.
