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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?


To: Perspective who wrote (10525)6/17/2009 11:19:38 PM
From: skinowski  Read Replies (1) | Respond to of 41494
 
Banks topped a while back, in early May. Looks like they are still leading.

It's been a while since all majors traced out a clean impulse down. Looks like for the near future the odds should favor selling rallies.

I'm still not convinced that the advance since March is finished. If it's the "Big" 2 or B - correcting the entire Bear up to date - I'd expect it to last longer (like, we may be in a pullback, with another big move up still pending).

But - it doesn't have to. If it proves that the market is in such a "hurry" to resume the decline, that would be, actually... impressive.