Thursday, October 23, 2008

Financials Sentiment

The last 2 days the financials which were outperforming have been trying to retest, like many sectors that have already retested and failed.

It's interesting. the earnings, which as nobody noticed, arn't getting worse. And some show getting better Slightly. Depending on the shit you have on your books.
In the end of the day there are 2 important time frames, what happens in the first 10 minutes, Sometimes you can move up for 10 minutes then sell off for 5 and have it crack the market... but besides the 10 minute trend, that is predictive, sometimes there is the 30 minute mark that can be a pivot point.

No comments:

Post a Comment