Monday, January 12, 2009

The Financials

There are so many charts I could talk about but the one that matters most in my opinion are the financials. I posted this chart Sunday and warned of a break of 11.33 as I thought if that level was breached, we would go lower. 10.44 now looks like the next level of support. After that, well, see you in November(08)

Bounces are part of the deal, and nothing goes strait down, so stay nimble, but this will end badly---again.

1 comments:

JeffreyLin.Net said...

XLF today looks like IAT on Friday. interesting.

p.s. I like to eat toast.
XLF is toast.
Toast tastes better with some Skiffy Peanut Butter.
it's a metaphor.

About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.