Monday, August 10, 2009

Boatload O' Charts

Looked at a bunch of charts this weekend.

Many, most in fact, are not near a Fib. That means in an increasing market, that I expect further upside.

Will Joe Six pack show up and chase this rally? They are afraid of missing the boat, again.....The heavy short stock like banks and homebuilders have had the big increases. Bears are being beat on.

These charts are all shorts. I am not a financial advisor, and I am not YOUR FINANCIAL ADVISOR. It might be best to just go surfing or hiking until the market tips its hand.

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Insightful and Useful Comment!