AaronDB

Arms Index Climax May Signal Market Bottom

Bill,
I think your observation is a good caution for shorts. I've noticed in my technical analysis that in this unprecedented bear market, many of the indicators that measure extreme conditions or turning points under normal circumstances are baffling technical investors right now as incredible conditions persist.

While there are other reasons to believe 11/21 is a low for now, I'm a little more cautious on calling it given the extreme nature of this bear market.