SPF most interesting
This is an interesting read: http://biz.yahoo.com/zacks/080125/11256.html?.v=1
“Seven Years Ago” by Dirk Dijk, Zachs.com
“if you buy the analogy of the Financials (and Homebuilders) today being the equivalent of the Techs back in 2000-2001, we can expect to see the current bounce in the market, and particularly in the most troubled part of the market, continue for another week or two. However, then the fun is over and we suffer more pain.”
Here is the SPF chart. Target yet to be met, resistance area to short with good r/r, and a few weeks upside per the above article might well align with a short at resistance to target or +80%. And if the ‘87 lows don’t hold? By th’ powers, that would be a concern.
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