Wednesday, October 30, 2013

Time for a rest

 We are over bought by may measures.
Here we notice that the big caps are leading and the compq is weak
 We notice here even the $rut is weak vs the oex.
Thia fractal of the $cpce maybe very telling. You notice  the last OS line and a peak in 10 TD's
Well we are again in that time frame..

Today is fed day noi change expected but what other news is there to pump market?

I think it is time to pullback and if the maket is weak at close I could short.