Friday's action

Friday was all about GE. GE officially died Friday. Not good for market when #1 cap stock dies. How many funds have GE as one of their top 5 holdings?

The vast majority of stocks are headed for early 1997 prices. Pull up the 10 year chart and look where it was in early 1997. This is where it is likely going.

 

http://www.elitetrader.com/vb/showthread.php?s=&postid=130572#post130572

 

Go figure, it was one of my better days all stupid month, and I only played it from the long side.

 

Any window dressing on the last day of the quarter is a great fading opportunity. The indexes are all set up for a nice down move. Easy money.

Runningbear