Thursday, March 21, 2013

Chart of the Year?

The reactions to bad earnings reports now are quite a bit different than the last round, sellers are now SELLERS.

Here's ORCL's open... Changes in character lead to changes in trends

All gains for 2013 wiped out in a day, this is the kind of crisis in the market I'm expecting, perhaps not this bad in a day, but not a slow grind or drip lower, more like an opening gap that takes out several weeks or a month worth of gains just like that.

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