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Sunday, November 12, 2006 11:30:55 AM
My reasons for looking elsewhere, at other sectors, happens when I can't stomach the volatility of where I normally hang out-- it's a safety switch as to not blow myself up.
while you're at it, check out KLIC, KLAC and WFR
Anyway, the Almanac says that next week is normally a bullish period before option expiration day (Friday)-- if there really is a ST top in energy-- it should bode well for the markets.
...and speaking of volatility
CUX.TO, an international gas play was just taken out ... hopefully that adds strength to that group, specifically FCP.TO
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh03998_2006-11-12_12-41-34_l12...
note on the chart below, how FCP held the 20-day MA-- it got pasted on Wednesday, hammered on Thursday and settled on Friday-- CRB somewhat resembles FCP, which suggests weakness on Monday, a hammer on Tuesday and hopefully a buying opp on Wednesday.
while you're at it, check out KLIC, KLAC and WFR
Anyway, the Almanac says that next week is normally a bullish period before option expiration day (Friday)-- if there really is a ST top in energy-- it should bode well for the markets.
...and speaking of volatility
CUX.TO, an international gas play was just taken out ... hopefully that adds strength to that group, specifically FCP.TO
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh03998_2006-11-12_12-41-34_l12...
note on the chart below, how FCP held the 20-day MA-- it got pasted on Wednesday, hammered on Thursday and settled on Friday-- CRB somewhat resembles FCP, which suggests weakness on Monday, a hammer on Tuesday and hopefully a buying opp on Wednesday.
FP........................................................
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