Monday, June 15, 2009
IT does look like mean old Mr. Nasty has declined by 4% under his GREEN LINE.
DECISIVE ? Good enuf for me to probably close most of my longs unless they are special situations, listed on my PEAK PERFORMANCE Blog. I'd say stay tuned and see what happens. Its really hard to call an upside breakout from this scene that we now view. The financial stocks show a lot of tampering so they are currently out of my picture for use as indicators.
Intervention can play a part, but so to time and gravity and they tend to me resistant to tampering so,again, be observant. Knowing all this, Financials are not my first choice for shorts, and in fact I am not opening any new shorts yet.