Originally Posted by mact3333
sequester and italy is just noise...mkts do what they must...news is just noise like it always is...one sector looks like a bottom now and will make the move before rest of the mkt reverses
...thats is where I am headed now....this sector has rock bottom sentiment, a key ingredient you have to see before a true IT bottom.
when people on this thread start to throw in the towel en mass, we will be close to a bottom.
Originally Posted by r0wr
My guess is the material sector. They've had the largest pullback out of all the other sectors in the SPX. Look there, it's probably where Mact is looking.