Dow % bullish Indicator for 12/7/09 close

The indicator is still heavily weighed by neutral readings, which count as a 0. This makes the trend overall increasingly bearish. Here at 2:00 p.m. eastern the Dow is down around 100 points. A lot of the neutrals could easily become bearish and a big pull back in the bullish looking charts would turn them into neutrals. So far today this is the general trend. The indicator hovering around 0 is not something new. Last year in the end of year doldrums the same situation occurred. Between 12/2 and 12/30 there were only three days where indicator was more than 40% bullish or bearish. If the indicator should spend consecutive days outside of the -40% to 40% range, I would be much more tempted to trade a leveraged ETN one way or the other, but for now we are predictably range bound here at the end of the year.