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|User Info||Bizarre Thursday; entered at 2007-07-12 18:49:18|
Registered: 2007-06-27 nyc
todays action doesnt bode well for the guy who made the friday the 13th bet on CFC (w/ 13,000 puts). |
However i've noticed that after these rally's take the markets to higher highs, my shorts sink to lower lows.
This divergencie seems to be creating the beginnings of a topping scenario that will continue to play out until the market leaders ( aaple, rimm, amzn, crox, wim-bill-dan foods, goog, etc ) roll over over.
The only former leaders so far that have joined the other side (laggards such as homebuilders, lenders, etc.) are some of the brokerages.
It will ultimately take some of these other leaders to slice key moving averages in heavy volume for the rally to finaly TOP-ple over and head downward in earnest.
Today certainly seemed like overkill from the bulls........."the bulls have spoken!".............lets see what the bears have to say in return.