Market Under Dstribution....

QQQQ had a good downtrend day last friday;
its still under 50dma, however it may retest $45.45 area/main trend .

SPY
looks headed toward high ,again;
some residential construction stocks are still in a bear trend, actually a bear market, below 50 dma 200dma., 12 month charts

Didnt catch the QQQQ down move last monday[2-12];
got part of the QQQQ polar bear move friday.:cool:
 
It's capitulation time!

The market can go nowhere but up.
Housing is stabilized.
Inflation is subsiding....

Too many folks predicting a correction> then, surprise! It never happens. We have seen this over and over again. I keep hearing about the record put activity> so many, many hedge funds will not be enjoying fully this rally leg UP & as they drop their put protections and we see that ratio reverse ( probably next week) that will be it...

Look Out below. When they tell you it's perfect it never is....
 
Capitulation Short Covering and not great internals....
Hmmmmmmmm.

>S&P 500 sets new session high but internals lagging
Briefing.com - February 14, 2007 2:56 PM ET
The index edged to a minor new high of 1457.29 in recent trade but the A/D line has not matched this performance as its drifts lower off its late morning while TRIN dropped to a relatively low level of 0.6. This is not a sell signal but is a potential red flag for an intraday pullback.
 
Did anyone notice when the NDX peaked this morning there were 150 more decliners than advancers?
Bad internals. Plus Hype. Plus something big about to go down with that Al Sader Cleric dude in Iraq = me getting a wee bit nervous about next week.
 
Quote from stonedinvestor:

Did anyone notice when the NDX peaked this morning there were 150 more decliners than advancers?
Bad internals. Plus Hype. Plus something big about to go down with that Al Sader Cleric dude in Iraq = me getting a wee bit nervous about next week.
More...

Its all about MSFT and what they are going to say about Vista etc. which is why I am fading it. Vista is going to be a real let down and will not drive a new tech capex cycle as some are anticipating. Infact MS might even be shooting itself in the foot with Vista, those who are happy with XP and don't want to upgrade to another MS product with no real benefits but potentially a lot of headaches might start look at alternative OS's when they by their next PC. I also think that sun's solaris is going to make a big dent in MS SQL market share and that that is a story that is going to be getting more traction. Any corp. IT guys care to comment on that?

http://www.marketwatch.com/news/sto...x?guid={0DB4CAAF-82F0-4AAD-AE4E-1738E4379E5E}
 
Quote from Mvic:

Its all about MSFT and what they are going to say about Vista etc. which is why I am fading it. Vista is going to be a real let down and will not drive a new tech capex cycle as some are anticipating. Infact MS might even be shooting itself in the foot with Vista, those who are happy with XP and don't want to upgrade to another MS product with no real benefits but potentially a lot of headaches might start look at alternative OS's when they by their next PC. I also think that sun's solaris is going to make a big dent in MS SQL market share and that that is a story that is going to be getting more traction. Any corp. IT guys care to comment on that?
More...

100% agree.

I'm no Nick Burns, but I know my way around a motherboard.
 
I believe the 2% downturn starts today and will extend into next week.

China raised lending requirements Microsoft is soft new homes sales take a second leg down + an over bought market and giddy schoolgirl attitude on CNBC = SELL
OFF...
 
Soros has postulated that great opportunity presents itself when the gulf between market perception of reality and reality itself grows particularly wide. If the recognition of that chasm by market participants, in tech land especially, is going to start to manifest itself today so much the better :)
 
You must log in or register to reply here.
Back
Top