Sunday, February 07, 2010

Refusal to Die

What's interesting to us about all the following charts? Their refusal to die in the market plunge last week -- all of them held last Friday's low (Jan 29) while their respective sectors (tech, gold, financials, oil, Ags, etc) all went lower. If market bottom is for real (no matter what the time frame) then watch these stocks to lead. Also if you feel that Friday afternoon was a head-fake then watch for new week lows on these stocks. This is the kind of analysis we constantly do to find new "tells" that will give us edge in predicting market movement.