Sunday, October 11, 2009 11:33:30 PM
JLS, here is some commentary and a chart from Evilspeculator.
"We have all been watching LQD. We finally got a break-down, but we need to see it continue before equities are likely to give a reaction. Notice how at the 2007 peak, LQD had a nice break-down first, but then continued to rally well after the market was plummeting. At this point I am curious if we will see a repeat performance, I am thinking we will."
http://evilspeculator.com/?p=11766
scroll down for chart
"We have all been watching LQD. We finally got a break-down, but we need to see it continue before equities are likely to give a reaction. Notice how at the 2007 peak, LQD had a nice break-down first, but then continued to rally well after the market was plummeting. At this point I am curious if we will see a repeat performance, I am thinking we will."
http://evilspeculator.com/?p=11766
scroll down for chart
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