Tuesday, December 14, 2010

The Forest

Taking a look at the longer term charts, rather then the intraday moves, here are the 15 min charts which have had good success in calling reversals lately

 DIA 15 min

 FAS -long financials- 15 min

 FAZ short financials 15 min

 QQQQ 60 min-the 15 is in line

SPY 15 min

Again the theme in financials seems to be the unwinding and reversal of their recent rotation.

More on Cramer from Z.H. today, I just thought the timing was ironic.

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