Tuesday, March 31, 2009

SPY looks like crap

SPY had a lot of damage done Monday and still looks bad today.  

The A/D line Monday and breadth were extremely bearish.  Today we have some recovery in non-financials but still not a very convincing snap back.

Costanza would buy the hell out of this lousy tape... heck with as much counter- intuitive sentiment, why the hell not?

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