cold thursday , page-6

The bounce after the first strong down day is usually a good place to sell/short.

I can see a few of us here are expecting more upside, although possible/probable, the number of people expecting this is a worry as not many are calling an extended move down.

Although the market did rally, the DOW has yet to break very near term resistance at 11,080 (which I mentioned yesterday).

The TRIN was very over bought at 0.58. Chart - http://stockcharts.com/h-sc/ui?s=$trin

Here is the FAGIX:VUSTX, a nice leading indicator suggested by Laundry. Chart - http://stockcharts.com/h-sc/ui

If you put a gun to my head I would say short here.