I agree with the selloff theory. Once the rally loses traction and things start slipping there could be a mad rush to lock in profits. Lining up my bear market ETF's for re entry but would like to see the auto bailout completed first appears to be more steam left in the run. We have to keep in mind Inauguration is likely to be a very bullish period so carefull with the bear market ETF's
Oil ETF's had a good day finally. With Oil well under $50.00 oil ETF make for a safe play to buy and collect. Cant stay this cheap forever!
I go to graduate school at night.... some of it online. This is finals week. I look forward to the break and devoting more time to trading.
I have not seen many etf trades using my methods in chart durations greater than 30 minutes. A couple 60 min trades. Most are 13 minute duration charts. Volatility too great, I guess.
I'm like you. There is plenty more downside to play. There are still months of bad employment news to digest and more. At some point Santa or Obama will make a giddy-up move, but down is the way to hold anything. imo Public schools in Louisville have begun a few layoffs. I have not seen anything in FL. That is screwed for schools to layoff.
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