$COMPQ Which way next?

Here’s a great chart, provided to by JakeGint

http://mythoblogical.blogspot.com/

click to enlarge....courtesy of stockcharts..




FCX ...3 seconds to figure out reasons for puts in real time….1 hour to write down all the reasons…The brain really isn’t suited to communicate in “real time written….”

I’m neutral on this chart…Whatever Bernanke says, WED – THURS ..
It’s no good for housing, banks, gold, energy, tech, defense, on and on….

Downside…..Bernanke interpreted as saying interest rate cut “sooner than later…..” makes market go UP>