$RUT is leading... $NDX, $DAX are looking tired instead of acting as a leader... $SOX is leading... $BSE, $SSEC and $BVSP are lagging... $NYA50R and $NYHL are showing negative divergences with major indexes prices. A healthy abrupt correction of more than 10% should follow suit at some point.
Saturday, December 4, 2010
Observations...
EUR, YEN got bid today and USD sold off hard on weaker jobs report - Bernanke is scheduled to be on 60 min. this weekend... Last time he was on 60 min. on March 8th 2009, the following day became a major major bottom... Lets see if there is any significance to his appearance on 60 min. again.
