FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

SK, I've been pointing out the Q's have been my proxy since December and that the psychology in that market rivaled that of 1929... #msg-4789729 if anything those comments got someone's attention. What we saw at the end of December was some serious bearish divergence in the Q's (and other markets) when the volume at the end of last year did NOT confirm the rally, crazy bearish divergence, volume going lower and lower, price going higher and higher ever so slightly, then 2005 kicked in and the market fell apart off of the initial squeeze higher... There's been so much confirmation the year-to-date-chart so far this year.

The Q's are down about 13% so far this year... if they were up 13%, would you still be waiting for confirmation??? Or would you simply say "they are testing resistance levels." If you continue to do that, you'll miss the big moves. The markets are bearish until proven otherwise.