brainstorming Monday

1. The timing for the mini correction should be this week as some still hope for a tax solution these days but I doubt it will be delivered quickly as Mars moves into Capricorn tomorrow things will get harder to accomplish. The last of a tripple Jupiter Uranus conjunctions is on the 4th Jan which is a very bullish pattern but the last which brings a steeper correction scenario right after very likely. For now we can expect a mini correction as soon as the SPX closes above 1225 as the VIX has made the missing 13 on Friday and AAPL will deliver tomorrow ( the missing 2 links). Banks and Transportation will still be rising but some tax selling should kick off the mini correction as we are very close to daily Bollinger any close above might hint to the start.

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MONDAY, DECEMBER 6, 2010
INVESTOR SENTIMENT READINGS High bullish readings in the Consensus stock index or in the Market Vane stock index usually are signs of Market tops; low ones, market bottoms. Last Week 2 Weeks Ago. 3 Weeks Ago Consensus Index Consensus Bullish Sentiment 50% 54% 64% Source: Consensus Inc., P.O. Box 520526,Independence, Mo. Historical data available at (800) 383-1441. editor@consensus-inc.com AAII Index Bullish 49.7% 47.4% 40.0% Bearish 26.2 24.7 32.5 Neutral 24.1 27.9 27.5 Source: American Association of Individual Investors, 625 N. Michigan Ave., Chicago, Ill. 60611 (312) 280-0170. Market Vane Bullish Consensus 52% 53% 53% Source: Market Vane, P.O. Box 90490, Pasadena, CA 91109 (626) 395-7436. FC Market Sentiment Indicator 56.3% 55.6% 54.4% Source: First Coverage 260 Franklin St., Suite 900 Boston, MA 02110-3112 (617) 303-0180. info@firstcoverage.com FC Market Sentiment is a proprietary indicator derived from actionable sell-side trade ideas sent by the sell-side to their buy-side clients over the First Coverage platform. Over 1,000 institutional sales people at more than 250 firms participate on the First Coverage platform and have contributed hundreds of thousands of ideas since inception. Each Idea is associated with a ticker or sector and is tagged bullish or bearish by the creator. This data is aggregated at the sector, industry and market level. The FC Market Sentiment score ranges from 0-100 (0=most bearish, 50=neutral, and 100=most bullish) and represents a completely objective, real-time view into what advice the sell-side is providing to their buy-side clients Citigroup Panic/Euphoria Model