11-18-09

Call buying for the DOW was 2 to 1 within the first 30 minutes the market was opening. This is a bearish indicator for me. We will see.

There is also talk of a no correction now. That usually means we are gona get a correction.

The daycare near my office is closing down. There are so many people out of work they can't keep the doors open. The news last night said that double the number of people are entering food kitchens. Amazing double!

There is a lot of bearish divergence here. The russel and transports are not making new highs. Everyone is talking about this so i am gonna discount it. Keep in mind that in a turning point the DOW which has easy exit and entry points is the last to go down.