Thursday, May 3, 2012

bias 5/3

At 10:21, negative; sell the rallies intraday.

The S&P and Dow have doubled topped, and several indexes have lagged, including the Nasdaq 100, which most benefits from AAPL. With negative divergences, and an abundant belief that a new leg up is stretching out, I think the odds are in the favor of a continued market correction. New highs on the indexes would prove me wrong.

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