M.Carter,
Look at my previous notes and I indicated technical signs:
1) TXN, MSFT, CSCO, INTC - all with CLASS 1 SELLS and MSFT, TXN dipped
2) My technicals indicated overbought, and with tonights charts, there should be quite of few CLASS SELLS
3) The way the NAZ weakened today, after being so strong for many days
4) weakness, (FLAT/NEGATIVE) in some indexes (SOX,DDX,XAL,YTK,MSH,EGI,RLX,CEX,IUX). If the weakness was in one or two indexes, I would ignore it, but we are talking about 30% of the all the indexes I watch.
5) If you follow candlestick patterns, we got reversal signals across the board basicly (SPINNING TOPS, DOJIS)
My TA system is telling me reversal, plenty of technical signs, which I first started seeing yesterday. Tomorrow should be the last up day if up at all.
Subjectively, when everything looks rosey thats the time to sell, and when its a blood bath, thats the time to buy. I do not think this reversal will be big, but if you have seen my previous post, I try to go after every ripple.
Now, not to be argumentive, do you think that we will have a blow-out session, and if you do - why?
Seeya |
