Wednesday, February 8, 2012

2-08-2012

A quiet day. Some intraday selling that perked me up. Will wait to see if it comes back again. First day in a while with an opening up and a selloff....... If that becomes a habit it could signal a change in direction. At least temporarily....
Citi still strong.... Steel showing some distribution?? Dollar still weak. Keep an eye on long term rates. Still less than 2%. TLT may be rolling over. One of the best topping patterns is a rounding top...






Although if the long bond declines I would expect the stock market to be rising.....At least at this point in time.
gh

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All comments are appreciated as it will give me a chance to adjust my content to any real people who may be out there. Thank you. gh