I noted to Tony that the last time I saw the IYR and XLF this strong was last friday.....
I wonder if there is a pattern....
what I wonder is if nobody wants to hold a short into the weekend...
and if most the shorts are there....
then of course all the longs are elsewhere and they are taking those indexes the other way....
On the idiot box... it's all about the reflation trade and weak dollar.......
Friday, June 19, 2009
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Prechter, the big Elliotician, thinks we may get some more upside out of this bear market rally. (From T.Lo's site): http://tinyurl.com/nqzokb
Ya.. he also thinks we have yet to bottom....
I saw it, seems like Teresa thinks we get to chop some....
Fun Fun Fun
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