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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (80229)6/30/2008 3:01:01 AM
From: Real Man  Read Replies (1) of 94695
 
Here is a tech/banks ratio. Hedge funds still hide in big tech,
while shorting banks. I wonder if they are overdue for some
serious slapping. In other words, banks (traded on NYSE,
so having big influence on NYSE McClellan oscillator) having
an oversold bounce, while qqqq coming down significantly?
Either that, or a more speedy crash of the tech than the banks,
like in January. This market seems imbalanced, with parts of
the markets showing extreme bullish exuberance, other
important parts (the financials!) crashing. They say
financials lead, or used to -g- We'll see.

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