Friday, June 04, 2010

The Case For DOW 4500 WATCH IT Unfold! - Week 5 - $SPX - ALL RED

Wow is all I can say...  I got a baaaaaaaaaaaaadd feeling about this...

Oh and here is the PC Ration and volumes as of 2:19:46 PM EST, this just saying go short.  BTW, this is courtesy of TOS Platform.  It rocks!

Here is the closing picture for today 5 stocks in the S&P 500 finished up!  The PC Ratio below tells the story as does the $ and trade volume.  I can't imagine any investor wanting to be playing in this, I have to think even big investors are also getting leery.  Today I think I heard some necks snapping and backs breaking as any hedge funds that might have had a chance to live after May no just got their throats stomped. 

I can't believe Larry Fink and Barton Biggs came out bullish!  They aren't looking too smart right now.  Here is the above to snap shots again, after market close.  YUCK!

PC/Ratio of .28 on advancing stocks... WOW!  Over 1.601 on declining stocks. This just screams short on Monday too!



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