2 replies to this topic

[arbman]

Based on some recent cycles...

The XLK:XLE ratio is about to decline below 0.390, it could be a good reason for increased volatility, but it seems like we need a lot more pick up in the energy leadership in the weeks ahead in order to mark a big top. The major issue is the liquidity and it has been going to the wrong places over the past 2 weeks...

Edit: I am much more inclined to see the next 80-100 points correction to start from 1220-1230 zone down to 1120-1130, it was the resistance area for the big correction in 2005.

Best of luck.

Edited by arbman, 08 April 2010 - 07:44 AM.

[cycletimer]

Based on some recent cycles...

The XLK:XLE ratio is about to decline below 0.390, it could be a good reason for increased volatility, but it seems like we need a lot more pick up in the energy leadership in the weeks ahead in order to mark a big top. The major issue is the liquidity and it has been going to the wrong places over the past 2 weeks...

Edit: I am much more inclined to see the next 80-100 points correction to start from 1220-1230 zone down to 1120-1130, it was the resistance area for the big correction in 2005.

Best of luck.

I agree..... I mentioned once before I see us nailing 1220-1230 before it stops.... Day trade update: Just bought SSO at 42.48 ...

[cycletimer]

Based on some recent cycles...

The XLK:XLE ratio is about to decline below 0.390, it could be a good reason for increased volatility, but it seems like we need a lot more pick up in the energy leadership in the weeks ahead in order to mark a big top. The major issue is the liquidity and it has been going to the wrong places over the past 2 weeks...

Edit: I am much more inclined to see the next 80-100 points correction to start from 1220-1230 zone down to 1120-1130, it was the resistance area for the big correction in 2005.

Best of luck.

I agree..... I mentioned once before I see us nailing 1220-1230 before it stops.... Day trade update: Just bought SSO at 42.48 ...

VST, I don't like this price action nor this trade... exited at 42.61.. .FLAT until further notice.