Gersh, Boy, do I see this Market coiled!
I'll add that it has been good to me this week. :o)
Clearly, tech has been ballistic! However, it sure looks like both the Drugs and Financials are about at their lows and may have hit their bottom. If they kick into gear, watch out above.
I sat totally puzzled and confused before the last couple of Fed meetings, watching from the sidelines, as the financial stocks went into orbit. When BAC was in the 60's, I kept looking at those gaps, and saying, no, it's not possible that they would be filled; yet, they were filled. It's getting to the point that I really don't like to see gaps in the charts.
Having moved to about 90% cash in the Phleet, I've got almost 20 of the Big Boyz on my hit list for tomorrow. My Lord, one of them is even a tech stock. Wacky Fridays are Wacky; but this one is going to be really interesting.
TB |
