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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (44010)	1/17/2013 2:04:05 PM
From: Keith Feral	Read Replies (1) \| Respond to of 218514

Long weekends can be a real buzz kill. Last time the market made a major top, it took the Yen FXY 6 weeks to go from 130 to 117 in 6 weeks from end of February to middle of March in 2012. This year the same thing is setting up with the Yen crashing from 120 to 109 over the past 6 weeks since the beginning of December. As soon as the Yen begins to drift sideways and turns higher, I think this rally is up. As I think about it, the best thing to happen to this market is to get a big Winter correction. As I think about normal years, February is one of the most brutal months of the year. It's only been the past couple years that February has done anything positive. I'm unloading 100% of all banks today, and will continue to eliminate positions every day from here as they turn red. Banks look the most vulnerable in the short term.