I won't be posting till Sunday night, but I will say that today was pretty ugly. In December, this is the call I made, that we would rally in January and then pull back, but after the strong run we had, I was thinking I may of been wrong. Initially, it looks like the market is setting up for a possible head and shoulders with the next rally being the right shoulder on SP and NAS. I will try to analyze the indices this weekend. Notice that some stocks held up pretty well today and those should be the first to move when we get a bounce.
Have a good weekend,
DT
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It's a good day dude, fuck that.
I never said bad... I said ugly.