"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Thursday, March 8, 2012

Greecing the skids?

So did today's happy 'Greek relief' headlines do the trick to put the bull back on track?  Isn't this Greek drama supposed to have deep implications for levered and connected banks and financial institutions the world over?  Isn't the financial sector supposed to lead if we are in for better times?  Isn't this post filled with yet more question marks?

My plan remains a bullish one, but subject to interim pain.  Let's see if XLF-SPY can break the down trend because if it does not, the bulls would be minus a pretty important would-be leader.













http://www.biiwii.blogspot.com
http://www.biiwii.com

3 comments:

  1. You weren't really still paying attention to that Greece crap, right?

    Best thing that I ever did was to pay attention to all the Europeans I was reading, who were saying "the American pundits are all full of it, they have no idea what's going on in Europe, they're all expecting the apocalypse and it just can't happen. "

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  2. Oh and also....

    http://blogs.barrons.com/focusonfunds/2012/03/08/trimtabs-goes-double-bullish-driven-partly-by-bearish-etf-flows/?mod=BOLBlog

    You sill like contrarianism?

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