finnies leading the charge and dtx solid. the eur btreak may hold the direction. flat for now...too much risk. it want s 72-73
Are you looking at a chart of the finnies or just a percentage? They were down the most of any sector when you wrote this (-1.6%), does not seem to be divergence? Sorry for confusion. Also, is there a reason you choose to look at the financials, versus some other sector? Thanks trvl. http://screencast.com/t/9f5AIM4UZTz
I look at IYF. it was well above the lows while indu was closing it's gap and dtx was baselining. comp was the biggie refusing to make new lows. oil halted and reversed at that time as well. those factors contributed to the lower TL/exhaustion touch.
pile on them shorts so we can squeeze beyond 75. *talking to the "crowd". I would be a nervous short.
make it so, you bought earlier +nice trade btw if you held. I could have had a big meal at 1260 when the Dow hit -128, didn't take enough off to make a difference. still hanging in there following the plan.