Tuesday, January 20, 2009

No Inauguarl Rally


1/20/09

Obviously, We did not get the confirmation signal on last friday and today. Short term & Intermediate term are still posting downtrend. Retest the low of 2008 is very likely in scene. Look at whole banking sectors, especially as I have predicted one of the sucker "C". I have written and said that C is going on falling in $1-$3 on 11/28/08. How many weeks since then? Am I correct again? It is just 8 weeks later. C is trading below $3. BAC is next. So is WFC, JPM,.... Good luck tomorrow then.

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