ONE MORE THING

The chart above of the BROKER/DEALERS, the likes of GS MER BSC LEH etc is just a steamroller. The general rule is that where these guy lead the markets will follow.

Some may see a cup and handle here, some may see the momentum rolling over, my take is BUY THE PULLBACKS.

By the way, MS has been lagging the group and my impression is that if things don't improve there, it will be taken out at a nice premium.