Wednesday, June 20, 2007

Weekly charts

Looking at the weekly charts the S&P is down 1.31% for the week and the Q's are again holding up better than the general market only down .88%. Is this the start of the big one or just another buying opportunity. The COT is saying it's a buying opportunity. I have a feeling that the use of too much leverage is causing these volatile moves. When you panic and sell because you are using too much leverage you might want to stop and think who's buying from you. Chances are it's someone who's not panicking and is thinking clearly.