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
No Geopolitical Event this weekend?
ReplyDelete30 year bond is on steroids right now!
ReplyDeleteAnd it could remain on steroids for some more time. Shorting it right now could be a bit premature trade.
ReplyDeleteI would think about shorting it later in Q1 2009.
I agree 12/31 could be a strong rally
ReplyDeleteMercury 0 Jupiter
Moon 0 Node
Venus 60 GC
Moon 0 Neptune
yet will it be the last hurrah !