Monday, January 24, 2011

Sell Signals

Mc, is calling a sell on NDX, and Transportation sector... Dow has not confirmed yet.. but $RUT has confirmed sell... callling a rising bearish wedge on this wave C of (B)... so short at your own risk.. we could be topping.. and if that is the case.. its been happening over the past month IMO.  and if we are topping, then we could bounce up and down for sev mo's like I had mentioned before.. It could get interesting.. but, its all about the stimulus if you ask me.. and unemployment when it runs out.. will they extend it again???? most of those people who have been on Unemployment for this long will never get a job again... because they have not worked for so long.... OK have a great wk.. will update in the comments hopefully there will not be any major snow storms this wk.. really sorry..have not updated in sev wks.. >L

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