Thursday, August 11, 2011

OMG! The death cross

Frankly I don't give a $%&^! Is this the end of the world? I think I referenced this summertime activity in my April 7th video, said to monitor for leaders if and when we had a summertime lull, gave examples from a few years ago. Last year we had about an 18% pullback in the spy from 122 to 101, then took off BOOOM! Perhaps we get the same, though many say 3rd year bull not so good. My plan is to go over a lot of charts in coming weeks and decide on what to focus on in the coming months. Click chart for larger.

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