Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Monday, January 4, 2010

interesting thigns today

I didn't exactly see a good sell today.


what was intersting was some retail and Real Estated Rolling over, while the xlf tried to run.

It will be interesting to watch the xlf over the next few days.

Based on the sentiment charts, we could have an intermediate high anytime in the next 4 weeks.

The things they were chasing today were Oil and materials again...

so as we have an intermediate top, we need to start developing divergences. With the XLF not making new 52 week highs, that is what is interesting. If it's developing some kind of descending for a significant move down... It's interesting.

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