- If the $SPX keeps on the track that it currently is on (starting at the clock stroke of 2:00pm), expect this rally to be over; 3 Days, big gains, and then January... Anyone feeling Friday being absolutely atrocious
- XLF broke the 200 Day and is STILL INCREASING... But wait Moose, why aren't you freaking out even more? BECAUSE when the XLF hits a 200 Day, which it hasn't broken on a 20 Day chart since the LAST rally, it drops like a damn stone. It breaks away, and then fails miserably. With all the write-downs that are approaching EVERY bank in January, people that aren't taking profit are either long for 10 to 20 years or just flat out retarded.
- iETFs are getting slammed right now and I can guarentee it will continue until the market closes, slightly increasing towards the end of the market. ** Beginning to look at FAZ, SKF, SRS, and SDS much closer than I was before. ** (More on that later)
- The $TRIN has cement shoes on as we speak.
- Watch Scarface and have a cup of coffee.
Keep Tradin'
ZM
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