Thursday, May 20, 2010


LESS than 2% of stocks are riding ABOVE their 10 day moving average, we have had some HEAVY SEAS SELLING for several weeks, today was ANOTHER 90% downside day........many have switched to bear side....door is open for a rally attempt.

Should that NOT happen.....investor spych so damaged......anything could happen. We are taking note of all the 200 day moving avg's that have been pierced.....but they could be recaptured.

Tomorrow is options expiration Friday, and if they can shove it up the shorts ass tomorrow would be day to get it done.

A WOUNDED BULL running in the street can be IMHO is not to get careless....given the severity of today's selling, the big oversold may take a breather....


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