Wednesday, August 12, 2009

8/11 - stage 4a

SPX - light volume pullback leading to FED tomorrow


SPY - stage 4


XLF - stage 4


USO - sold stage 4


VIX - stage 2


ETFs - financials AND energy weakest...bearish


HEAT


Analysis: confirmation from all charts that we are now in stage 4 bearish mode...energy and financials both falling apart and especially uso which i see is the most important bearish chart we got for now...start looking for great bear setups tomorrow unless of course the fed does something and revives the rally

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