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Friday, May 1, 2009

Ok 1 More: FAZ Chart

This one actually flashed a buy signal. Again, look at the risk/reward factor. FAZ shows positive divergence more than other short ETF's. Financials largely have not particpated in this last few legs up. Sure they rallied some but not to new highs. And the overall banking index, BKX, was even worse then the DJUSFN.

These are some of the charts that makes me step back and say to myself: They will sell in May....at least the first week.

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