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[sluzbenik1]

Mighty terrible earnings in a lot of high places. Very problematic internals.

I can't find it now - but there was a chart floating around this week with analyst buy ratings, giving a supposedly contrarian signal, noting that buys have not been as low since 2010. However, if you look at that chart - it seems analysts are getting better. They're giving more sells when the market is high, and buys when low. Quite a change. Yesterday we got a nice safety trade in utilities, and I took advantage to sell some. They will get hit too, just less.

I don't think the market is rigged, ergo, I'm standing by this post: http://www.traders-t...howtopic=142590 I think the range breaks before Nov. 4.

Bad echoes of 1987 this week...Don't underestimate that wacky Gann stuff, it's all just psychology anyway.