CNBC reports sentiment on bonds is 80% Bullish
what does that Tell you?
thats right, get out of bonds and into stock ~~~~
Today had a 10:30 high which is an hourly time opint
next hourly was 11:58 and the mkt turned lower at noon
120 bars right now as I write @ 1pm, and the dow is hanging barely positive
Next hourly @ 2:07 should find the mkt higher
Low @ 150 bars at 3;30
Next hourly high at 9:53 to 10 am on Monday
Monday's outlook indicates a lower day and potential lower open on Tuesday
31st has potential to be a strong rally
Feb 10/11 has the potential to be sharpy lower
BUT -Anyone looking for a retest of nov 21 had better learn to re evalute their thinking
Most later
Jay
4 comments:
No Geopolitical Event this weekend?
30 year bond is on steroids right now!
And it could remain on steroids for some more time. Shorting it right now could be a bit premature trade.
I would think about shorting it later in Q1 2009.
I agree 12/31 could be a strong rally
Mercury 0 Jupiter
Moon 0 Node
Venus 60 GC
Moon 0 Neptune
yet will it be the last hurrah !
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