Not bear, not bull. December 13th, 2010.

Today starts bull but ends bear.

IPC

Still strong but could enter in a side chanel.

Standard and Poor's

Today looking for new highs but with divergences and contradictions.
Many reversal candles.

And very oberbought. (Bear signals).

Put to Call ratio. Too low. 

I know, it failed a lot recently, but look a the pattern when CPC and CPCE are too low for many days in a row. Very bear signal, still latent.

VIX. ¿A bearish pattern? 

See the chart. Is the history repeating?

Lows of 52 weeks. A little crazy?

Indicates a bottom, but this not sound logical to me.
Do you feel safe in a market with this kind of indicators?

Seasonality 

- Dow Jones 48%
- Standard and Poor's 43%
- Nasdaq 38%
-- Tomorrow slightly bearish.

- Tomorrow, also, Federal Open Market Committee wich is traditionally bull.
-- But if red, this will be a very bearish signal, and possible a turning point.

Conclusions

- The shor-term and mid-term trends are up.
- Still pending the Dow break of the 11,450 level and resolve the "Flag".
-- Many bear signals still valid.
- The market is in bull territory and the conditions for a consistent up trend (Rally)are given. I'm optimistic (bull) for the year end.

-- While the liquidity continues flowing in the market will continue up. But bother me so many bear signals should mean something.
- I dont feel safe and comfortable, I maintain liquidity, very rare movements of the market. Maybe will not fall but maybe not go anywhere. Tomorrow my feeling is neutral but becomes short-term bear.


IPC Sandard and Poors Dow Jones