This is what we want to see over the next few days if the Fed is providing support to the BOJ on the yen. If the Japanese have been selling foreign assets because of the situation over there, the Fed stepping in is basically telling them to stop selling. Stop selling bonds, stop selling US insurance companies. Here, we'll give you some money, we'll help you out. If that's happening right now while everything else is going haywire and everybody's paying attention to the shiny object, this is what AIG will do. Price goes higher, the 8 crosses above the 20. That's the classic setup for a momentum reversal and a nice move higher while everybody else is still confused about what's happening. This is the stuff we look out for. When we see a chart setting up, we make note of it, add it to the watch list, and keep one eye on it. We need 20 eyes. One on the kid, the other 19 on all these setups we find during the week. Let's watch each other's backs. Ten of us, that's 20 eyes. Somebody keep an eye on my kid, and we're in business. Watch this chart. (Scott)
