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Tomorrow AM Puking?


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#1 Cirrus

Cirrus

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Posted 08 January 2008 - 04:01 PM

I think so....they will finally wash out all those "XLF" bottom/value players and traders playing for the big bounce. That's a total guess though. I'm no EWaver but I see 3 waves down on the weekly XLF...could it be that easy? I think we're nearing a "38%" decline in the XLF from the top. I sense a gap down bottom very soon...perhaps tomorrow AM. FWIW the Fed has been VERY stingy contrary to what the press is saying. I've said for a while they need a ST liqudity starvation to set the stage for an election run. IMHO they waited too long as they can't get gold and oil to fall. We are in shark infested waters where anything can happen.