aj
before i go out to lunch for my B-day, the wifes springing for this one<g>
The DJIA only has to break 8550 for a triple top breakout, we had the SOX and SPX breakout yesterday along with both futures daily charts..very bullish to me...
while we will correct a bit here...the downside risk is much much less to me, then the potential upside gain...there are not a lot of sellers so far..and any and all profit taking will be just that..
buyers will step up to the plate like sharks in a feeding frenzy when they think it's time do dive in, i'll be one of them...
yes i'll be short stocks for sure...many have hit the tops of the 10 week trading bands on P&F thats 100% overbought while the VIX is now 100% oversold. A perfect set up for a short short....
but once we settle down and then reverse up? lookout for a monster rally..i mean big...i've seen these chart patterns before and they portend large gains lying just ahead on the long side...
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