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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: POKERSAM who wrote (29715)8/11/2018 10:11:38 AM
From: SwampDogg  Read Replies (1) of 41504
 
50/50 but for sure the downside trumps any marginal new high. Just nuts that apparent serious money is looking for the last 10% when many of them see the risk of major trouble in 2019. The old I can get out before everybody else.
Whole rally in financials off the 2009 low looks clearly corrective IMO and recent news makes a contagion very likely.

Just a whiff yesterday of people remembering that a bank can be strong one minute and toast the next

Iff BNP and/or DB go down the XLF would probably be down 20%+ in a few days

Also the rally off the recent low looks corrective unless it is some leading diagonal thingie'. If this crators nobody can say that they did not have warnings. 2 big ones and the 3 one may do it

Interesting that the semis do look done and that really hints that the top is in. Just massive distribution in names like Nvidia. Earnings on tap and it could be a real smash.
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