T-Bonds went down first -
Then Utilities went next -
Then the banks are toppy & have head&shoulders tops -
Now the insurance sector is starting to show divergences -
TRIPLE DIVERGENCE IN WHICH IS PRICE MOMENTUM, REVEALS INTERNAL WEAKNESS
POSSIBLE SELLING PRESSURE AHEAD AS THE BUYERS HAVE SLOWED THEIR MOMENTUM.
Just for balance: It would seem logical for AIG to have a period where some money comes off the table.
Risk = 3 average ranges
Reward = 3-5 average ranges
Tim 5:11PM EST Thursday, October 3, 2013