Saturday, January 23, 2010
SUSI WEEKLY UPDATE
SUSI has done a fine JOB last week and warned BEFORE the big down week. We see a lot of lower lows in our SUSI indicator which supports the notion of a change of character in the Market.
The bears have captured the tape but expect the bulls to fight back.
Given the relentless tumble yesterday, the higher volume down days, all with later in the day "real" bear action a.k.a. LIQUIDATION, hints at a remote chance of a Monday CRASH ....
If we see no Crash then expect the trial of an unside retracement....
Expect an interesting week.
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