All the stocks I own are up today. If not for financials we would be up nicely today. The other sectors keep going up while the financials going down. This fear is being controlled and trying to scare people away. It will turn. Not all financials will be bankrupt next week.
Today does not feel like a down day
Started by
isaac613
, Feb 27 2009 01:34 PM
2 replies to this topic
#2
SilentOne
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- Traders-Talk User
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Posted 27 February 2009 - 01:59 PM
There is a Hurst buy signal on XLF (1.25 week FLD) targeting almost 9.0. A good close for XLF above 8.0 today would give a 2.5 week FLD signal. XLF held its lows despite the Citigroup news and price action. Note how the $SPX printed a new low on this leg down and a fresh new low below the Nov. 2008 lows. Signal can fail, but as the Brits say, worth the punt. Day trading XLF long this week.
cheers,
john
Edited by SilentOne, 27 February 2009 - 02:00 PM.
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#3
dcengr
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Posted 27 February 2009 - 03:00 PM
All the stocks I own are up today. If not for financials we would be up nicely today. The other sectors keep going up while the financials going down. This fear is being controlled and trying to scare people away. It will turn. Not all financials will be bankrupt next week.
You have a fine track record of market timing.
I've used it to make quite a bit this year. I just wanted to thank you.
Qui custodiet ipsos custodes?
