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To: Henry J Costanzo who wrote (134974)8/1/2006 3:59:08 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
Yup, not shorting financials or Utes, no downward momo there.

Trannies backtested the 200 day MA's and is now making new lows for the move, far more important IMO. However it could be a bullish flat off the May high or could be a double top. Below 4200 and I think its the latter.



To: Henry J Costanzo who wrote (134974)8/1/2006 4:01:13 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
Been picking up a few SBUX puts late today, putting my money where my keyboard is.-g/ng


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