Sox is topping out as well after the VIX and TRANS and with the very agressive BTK - just a matter of another1-2 weeks before the correction will start as the price levels have basically been reached. Sentiment has also improved sharply which is important for a severe correction potential. Now quarter end will keep markets up until the earnings season kicks off which I rather think will be relativly weak with a strong Dollar.
Thursday, March 25, 2010
SOX update - still Defcon 1
Sox is topping out as well after the VIX and TRANS and with the very agressive BTK - just a matter of another1-2 weeks before the correction will start as the price levels have basically been reached. Sentiment has also improved sharply which is important for a severe correction potential. Now quarter end will keep markets up until the earnings season kicks off which I rather think will be relativly weak with a strong Dollar.
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