Friday, February 3, 2012

May the selling begin...since there is nothing to worry about

As another twisted report is issued...euro is breaking down and equities are only up a little bit from yesterday's highs...for examples the MidCaps 400 is only up 5 points from its high yesterday so addition the major trend lines I have been trading have not been reached on any of the indexes...not exactly a ringing endorsement...after there remnants of shorts are purged from their positions the selling should begin.

Though I do not watch financial television generally, today was an exception and a quote that epitomizes the sentiment related to this jobs report..."Isn't is so great now that we don't have to worry anymore and everything is we can relax"...

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