Pollen versus Gumballs

In my neck of the woods the Liquid Amber tree was quite popular for awhile and some cities planted them profusely in common areas.  The leaves generally turn with the seasons, bursting out in yellow-greens that darken as spring moves to summer, then turning into reds, purples, and yellows in the fall before tumbling to the ground.  Springtime also brings a rain of pollen as the trees effloresce, while hard gumballs fall onto the sidewalks when they begin their dormant phase as winter approaches.  This bit of botany demonstrates how easily we can determine the difference between times of growth and decline.  Here at Atlas Indicators we obtain similar information from some of the services to which we subscribe.  One, a short-term technical indicator, measures bull market accumulation (buying) versus bear market distribution (selling).  When buyers are increasing their momentum as selling abates, a strong market in the early phases of its advance is the typical result.  Interestingly, this is exactly where we seem to be currently according to this singular indicator.  As long as their market analogues to catkins are still flourishing, we will remain optimistic.  Hopefully we won’t have to pull in our horns for quite some time yet, not until we begin to get a few burrs under our saddle.