I am still contemplation the call and I see one area I may have ben to quick on trigger to call...
If the call is correct we should fulfill three lows and three highs then go down..to approx two warning lines minimum....as an example look at the TRAN.....
On this 60 TRAN price seems to want a steeper medianline set ( ,marked by arrows- I have to be careful here with objectivity and not subconsciously read things into price that really are not there....I think all know this drill so I mark and leave for your discretion)
We also have a tendency to pan this because of gasoline rise....but that being sid it is also hard on another marker whihc is retail sales.
So for the time being consumers are going to be reeling from the 85 they just forked over to fill up their family tank, money which could havbe been used much more productively in other areas of the budget..
All this being thrown out......we also must realize that if Ben so much as hints at QE the market may forgive and forget this blip....
Of course QE removes the banks as a force because they enter no risk course of actions which does nothing for growth....
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