Me say before and me say again. Forget head and shoulders unless you got itchy scalp...forget cup and flying saucer..forget all that.. Me say here the other day and me say again here right now, Sunday night, MIDNIGHT in NY, Nov 19, 2007... Market is going to S-H-O-C-K so many... Market like big big pin ball machine that is about to go <b> T-I-L-T</b> It going to be ugly.. Market is B R O K E N and struggling to breath...few more gasps for breathing maybe BUT market is B-R-O-K-E-N <b> SO B-CAREFUL</b> So says me, Handsome, a great genius... No going to be a Merry Christmas for many!!! Woof, Woof
RUSSEL 2000, semis, financials and transports all extremely bearish, welcome the bear market recession is very near as well.
The QQQQs look ready to rally hard in the short term. I'm a buyer here at 50.11. EMM too at 148.26. Targets 52 and 155 respectively.
Many sectors looking negative, doesn't mean we're in a bear market just yet. Remember this market tends to have the perverse tendency to do the exact opposite of what many consider common sense. I wouldn't count this market out just yet, not before we take out 1350 in the SP500 cash.
true, I just added some long positions for a bounce sometime going into the end of this trading week, added XLF at $29.48 UWM at $59.90 Selling XLF at $30.50+ UWM at $63.00+