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You just don't know when to quit, do you Toddo?


If you're blue and you don' know,
Where to go to, why don't you go,
Where fashion sits ?
Putting On The Schnitz.

(Irving Berlin)

Holy Igor, Frau, the banks just broke a triple bottom at BKX 725 and regardless of what you're trading, you should be aware of that. As you know, I typically don't like to play breakdowns (breakouts) when the tape is this oversold (overbought) but, if you define your risk, it removes some of that bungee (Snapper) risk. I think this is the most important sector in the market and it confirmed a break--so you know.

The early tone is fine, thank you very much, as the Minx is in shrug mode on the heels of AMAT. I don't "think" this rally is going to hold and I'm slipping a leg back into my metaphorical bear costume as we lift towards S&P 850.

Semis...banks...charts...quack quack, baby!

Be back.

No positions in stocks mentioned.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at

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