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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (28849)3/18/2005 10:24:46 AM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
did you see CFC today?
Big gap down that took all of about a minute close and go positive. Back red again but people just cant wait to buy that POS on every lower low.

Mish



To: russwinter who wrote (28849)3/18/2005 10:55:06 AM
From: kailuabruddah  Read Replies (4) | Respond to of 110194
 
Good points all... when the number of failed breakouts exceeds the number of successful breakouts we know the market is getting tired...

Other recent failed breakouts:

MFLX
TSRA
SFCC
FLSH
ASFI

The HBs may have temporarily bottomed yesterday... Will the Fed do 50 bps next week? If yes, HBs are toast - if not, HBs could relief rally to within 2% to 4% of their highs before truly rolling over...