$XLF - We're getting to the end of it. Well... the beginning

After this week, it's fair to say I deserve to get another bearish post in before I look too much like a nut head who's dead-set on seeing a major market correction. & Before I give anyone the benefit of the doubt about this post - over the past 11 days (I think?), $GS has been on the longest losing streak in history (money.cnn.com/2018/0...d-solomon/index.html). 12 or so trading days ago (Aug 28th, I think) - I called the top. The top for 'a while', at least (stocktwits.com/Derek...D_/message/135382287). The past year (123) trading day highs about to cross below the (252) trading day lows is obviously a bearish cross, but whatever investors see with their own moving averages / TA they might see as a contrarian indicator, so I think there's enough bullishness left to see another head-fake before that all comes to a (deep) end. Another reason I say that, & really the main reason I started looking into financials entirely before becoming completely bearish was $PFG. The black bar pattern to the right of the chart is $PFG's current trend, compared to its trend in 2008 before the 2009 crash. Like $AIG, $PFG is another investment / insurance company (little less than half in size) that I've used as a leading indicator for the performance of financials. Right now, it's on its last leg to making a few upward moves before really starting a downward spiral. I'm sure you could say the chart is a coincidence, & the fact that both $XLF & $PFG both merely reached their ATH's back from 2008 (Fib used on chart is based on highs / first drop in 2008) before starting the downtrend. But the market doesn't lie, & trust me I've tried to spot any bubble / crisis potential / whatever we're looking at but in an overall picture, Goldman Sachs is looking @ a picture perfect clone of what it saw in 2015. While $PFG is reflecting back on it's 2008 trend. & while $XLF isn't acting the same as it did in 2008, but I think the ATH's being near exactly alike is something I really can't get off the back of my mind of what the market thinks for the long run.


$PFG Link -

$GS Link -

Komen:

What a head fake. The financials sell off should correct AAAALLLLAAT. I'll be content to see a close back to $28.50

Komen:

To still hear people overweight on financials.... Jesus Christ.