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Tuesday, May 19, 2009

Financials Chart


As in comparison to the market. Financials were on the weak side today after peaking out early.

As the rest of the market, they will have to hold key supports if my overall count interpretation is correct. They will need to rally if the market has one more push into the upper gap area.

This really is starting to feel like a B wave. I hope the market goes up this week in a last spasm of bullishness. I will short it heavily if it looks like a valid ABC structure from 878 to peak. I already nibbled at QID again at $36.20 (I'll hold -never can say your count is 100% correct) So far, so good.

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