Thursday, February 10, 2011

10 February 2011

There is somewhat of a stall on the McClellan.  Tomorrow could put up a red day on it, but as of late, this thing keeps pressing farther so there is no telling.  In other words, have to wait until it turns.  Trying to guess beforehand is foolish.

The $TED rallied today quite strongly and looks like it has some room to the upside.  The last time it rallied substantially was the few months prior to the May correction.

My indicators appear to be declining, but the decline slowed a bit today - especially on the fall of the new highs number.  The Euro area appears to be getting weak again.  Credit suisse (CS) fell 7% today, that normally doesn't happen to it.  

Sorry no charts.  Other priorities.

Best of luck.

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