Friday, December 23, 2011

Market Seeing same sharp 3C drops as Financials

 DIA

 IWM

 QQQ

SPY

Many of these are single day drops or since yesterday as price starts to round over. Usually one of the last things seen before a reversal in trend is a head fake move, I think the SPY/SPX wedge breakout, which has now broken back below the apex of the wedge or breakout point, probably qualifies.

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