THE CLOSE

Markets closed at/near the lows in what maybe can be called a rough week for market bulls. And for all the blah blah blah about the safe haven in big cap tech, check these 3 day results:

AAPL -9.1%

BIDU-7.4%

GOOG -5%

RIMM-9%

MSFT -3.4%

INTC-15%

HPQ -7%

Major indexes:

DJIA-3.5%

SPX-3.9%

RUT-5.8%

MID-4.7%

NAZ-5.6%

NDX-5.8%

RLX-7.6%

XAL-8.5%

SMH -10%

HGX-11%

TRIN at 4.26 and extremely overbought with a 5 SMA at 2.51 and a 10 SMA at 1.84. Those levels last seen in the middle of last March.

Anyhow, we are on the verge of the 10% correction yet again and maybe next week will be better. We certainly are very oversold and due for a big rally.

Final prediction, New York Giants lose convincingly this weekend.