Thursday, December 9, 2010

Froth target 1263

Many over bought signals like the Isee hitting a new 2010 high today. The % up volume with froth. The tick 1071 etc all call for small pull backs. When the froth covers the crystal ball on wall street expect 100 spx down points .
When is that I don't know, if I did I would share it.
I would like to see a high tick with hi arms. I think we are in 12-31-08 to 1-6-09 period of froth.
Click image to enlarge

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