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FF down today and tomorrow, then scorch weds


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#1 dcengr

dcengr

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Posted 26 March 2007 - 11:04 AM

We had an RSI2 sell the last 2 days, and if we go down enough today and tomorrow, we will get an RSI2 buy signal. Another Bernanke Scorch + EOQ dressing means scorch up. I don't think Wave B is done yet.. probably will take weeks before sentiment is in right shape. Mainly because COT data was totally in the gutters as of last tuesday. It'll take some time for people to load up to their nose again.
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