Friday 23 April 2010

The Fun Ought To Continue Soon

Last week, the "fun" started shortly after my post.

On cue, Emerging Markets sold-off having finished their impulsive ascent from February lows. Currently, this instrument appears to have finished the correction higher, and should carry on lower soon.

Similarly, the US Broker-Dealers' index (where Goldman Sachs is the largest component) also appears to have finished its correction higher, and ought to fall imminently.

And finally for today - the Real Estate sector in the US. The pattern could not get any more perfect. This particular market is about to sell-off very hard.

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