I finaly got the stock market analogy of the tunnel and the light at the end of it... or it being the train....
Like yesterday maybe there was a light and now today it looks like it was a train....
of course.... today it may look like the light for the shorts...
and then tomorrow may be the Train.... for the shorts..... Hell of a market.
This mccain thing is a head fake by the Publicans... They planted this and suckered the NYT into this story to pull some steam out of Obama and to get some attention to mccain...
perfectly timed move right after obama has it in the bag, ... it's almost clinton esque...
but in a Rove kind of way.
Thursday, February 21, 2008
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Good thought on the McCain pseudo-scandal-- I didn't think of it but it makes sense.
What would McCain be doing with some old bat? Norah O'Donnell? Sure, you have a scandal, but not Vicki Iseman.
SPY at 136.00 but leveling off-- I see it as closing down 50 cents from here. The two or three biggest moves are to the downside today.
that is the first spot on rove move in years...
I' don't know man... I think we are going to breat out of this pattern to the down side...
its almost guaranteed at 135...
I'd downside hedge at 134.5
the flattening out was a distribution pattern... AKA end of a bull trend
XLF looks like crap.
XLF start of Wave 3 down?
hard to say....
I would say if you can get it down to 26.68 or so it may be worth taking a shot
until about 5 mintues ago I was thinking we were going to get an upside ABC correction for 30-45minutes
but we do seem to be getting weaker.
the financials have been a little stronger than the rest of the market... but it's wierd.. they will be strong then break down.
134.5 will probably mean we break out to the downside.
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