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Personally I do believe next week is an up-week. News over the weekend might easily be a catalysis for that. The reason I think so is that there was stronger volume in downbars on friday - meaning to me there was an interest in buying. On the other hand thing that worries me a lot is a low...

Well, I must admit my call for the next week is bullish. The reason is that XLF needed this leg down to fill the gap from wednesday morning. The gap is filled and then a bounce right from it into the close on a high volume. At the same time SPY and DIA bounced back from levels lower that that...

Sounds frightening. But look what happened when we closed below 200 on weekly :)

As for me I'm missing your calls, Sir. What's up for tomorrow??? Weak market or what?

Yes, Sir! Just bought some FAZ today. This gap would be filled reallllllly soooooooon

According to my observations the biggest volume for XLF was on tops of todays move. Which means to me that financials are headed lower if not tomorrow then on friday.

And assumption that tomorrow is an UP day is beyond me :) Remember, whatever authorities do they make thing worse. So IF (big IF) we open gap up tomorrow there is a huge probability it's a bull trap.

That would be very big of you, keep us posted!

Terrific observation Sir, Just out of curiosity - where can I find that cash flow ratio data (charts) to keep myself updated on this one? Thanks a lot in advance!

Looking at charts of DOW and SPX I see nothing but weakness. I do believe that x-mass rally will turn into another leg down. I'm long FAZ over the weekend and planning to add more. After this leg down the best place to be would be ERX or other energy sector ETF Just my VHO

I know some people here will hate me just for not ignoring this post, but tomorrow seems like a down day. At least 300 pionts

If both moves you've just mentioned (down 200 points and then up to +100) were on bigger volume I would believe it is strong. So what I mean by anemic is lack of volume. And that's why expect leg down next week Anyway, we'll see

I might be not very accurate in verbalizing my thoughts but this market really looks exhausted. Just wait couple of days... At least I will not go long until I see one more powerful move downwards with strong rebound and not that anemic type of action we had this friday

Amaizing but the first chart from this thread fits almost perfectly!!! :confused: :confused: :confused: :confused:

Not sure about 2 months but I do expect couple of huge down days next week. Most likely starting from monday. full disclosure ERX FAZ

Totally agree. Next week can be brutal. In last 2 hours today there was significant volume and still no big gains in price, telling me that every buyer found seller. Not a good sign IMHO

Well, these 3 days were very weak so big (final) sell off is in cards for next few days Just MVHO

I made some money in DIG. Just couple of trades Energy sector is outperforming the market... the reason IMHO is that energy stocks know that the temporary bottom for oil and NG is in

My take is that market may easily gap down tomorrow morning, but only to rise later. This rally has legs for 1-2 more days I believe. This will definitely attract some silly bulls and then KABOOM!!! towards the end of the week

Not yet The pull back at the end of the day was met by buyers so we should continue up trend at least until tomorrow noon Just MVHP