F.O.M.C – Back At The Crossroads
(This report was written Tuesday night )
Warning, this report goes against " common group think" Why? Well , I want to show why slowly but surely it looks like the "Buy The Dips" crowd may be exiting the building and the next few charts may be proof. AAPL & YHOO had pretty good earnings, can they save the day? Or will it prove to be just another bounce? We shall soon see, but it's also another F.O.M.C. Wednesday and as you know...anything can happen after 2 P.M. Eastern time! In the meantime, lets glance at a few charts.
MSFT - Oh she used to be a wall street darling. This is a Weekly chart and so far the volume is HUGE for 2 days.
Is that just a fluke? A one bad amongst many beauties? ...