for all you bears...
- Thread starter gharghur2
- Start date
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DOW/DIA do look bearish, have been lagging for some time;
Art Cashin said somthing about maybe DOW 10,ooo[DIA 100]
Actually much of market looks short term bearish;
tek however maybe close to seasonal uptrends,
energy sector ,especially oil/gas still looks technicaly strong.
Interesting Cramer even suggested the nearest energy move maybe down ,after hours comment today & even if right;
technicaly ,teck stock leaders,
& oil gas sector are notably stronger than DOW.
Yes, Tech is the Nasdaq ... and it's been strong throughout
That's why it appears to me like an ongoing 0.618% retracement (from April lows) in the Dow and S&Ps, but only a 0.50% retracement in the Naz. Posted these numbers on another thread:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=56798
That's why it appears to me like an ongoing 0.618% retracement (from April lows) in the Dow and S&Ps, but only a 0.50% retracement in the Naz. Posted these numbers on another thread:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=56798
We're very close to a bottom here: the selling has become fragmented, EOD target levels have been met and some intraday levels are very close to being met as well. So I did some buying into the close, and plan on adding to my QQQQ position, with the weakness expected, tomorrow.
http://spaces.msn.com/members/caldaroEW/
http://spaces.msn.com/members/caldaroEW/