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arjunah

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arjunah

Re: sentiment post# 36728

Monday, 01/05/2009 11:46:13 PM

Monday, January 05, 2009 11:46:13 PM

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XLF/SPX: While Nov. 21 remains a good candidate for the 9M low, January could be wicked if its not.

Two of the top three weighted stocks in the XLF, JP Morgan and Wells Fargo, were down by more than 6% today. The alternative phasing of a 9M low this month would require a severe sell off starting this week, with possible new lows in both indexes this month.
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