Obamaganza

Today was the best performing election day ever...
The market is up 20% since 10/27/08...

That's great, but as soon as the disoriented market is able to find its way out of the mesmerizing Obamagon, it ought swiftly drift back to reality and realize that even The Chosen One cannot fix this mess. And that's not to say that McSame could. The markets have done a rather convincing job proving that they need to play themselves out and that any sort of govt or fed intervention will only delay the inevitable.

It would behoove you to start lining up your shorts and a good place to start would be to look at those 40% + off their lows and those running into obvious resistance. This will not only put probability on your side, it will give you the opportunity to use tight stops.

The following charts are TIE, CLEG, CVX but I'm finding the price patterns to be quite common across the board.