ROC now 1.53 on way to – by end of week! Another rebound is coming (six rebounds last year).
The ++ refers to the meeting and minutes in May having ROC20 values of +. A ++ indicates a very good run with a ROC- event expected (Jun 2013). A gcpi 2.0 equates to a big drop ROC -4 (Aug 2013) while a lesser value gcpi <2.0, a ROC -1.
VIX is also falling a very good sign! I suspect this year rebounds will occur after Fed meetings. I have revised the ROC- table to reflect actual values/runs…Clearly with gas buddy falling this week, it’s a very good sign! A $6-7 run is expected with a ROC -1 and gas buddy -0.25.
BTW, in case anyone believes in recovery…
