THE DOT - if this turns orange or red be alert

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.

No comments:

About Me

I am a professional independent trader