Gersh Dude, I was watching!
I'm now back on the 18th floor looking down on creation.
I couldn't play Friday down in the swamp as I was dealing with the local community college to help my youngest make the decision to just skip his senior year of high school. The program is free, and I look at a free year of college as good.
Boy, viewing some of the longer term industrial cyclical stocks makes one want to go puke! The diversified Buy & Hold types probably want to do likewise. There is some serious technical damage in the Big Boyz.
As I look down on creation, I view the potential of the dark side. As I noted on the BK thread, I view the weekly OEX in a break out, clearly confined by the horizontal resistance. If we break below 777, I believe we test this break out. I further believe the test will hold, we then run up into the fed meeting, and then it becomes news driven (duh).
I look forward to committing the Phleet for my anticipated run. The key is going to be IMHO if the financials can hold the horizontal support. If they break, this market is in deep do-do.
In any case, the last 1.5 hours Friday was incredible to view on the charts. I really believe that this week will tell the tale, and, if it is a bottom, it will be about sometime Tuesday.
TB |
