+================================Quote from waggie945:
Hey Pabst,
We finally got some heavy duty selling done today, with the Up Volume at 115 million shares and the Down Volume at:
1.319 billion shares . . . Can you say 11:1 downside volume?
Sure, I knew ya could!
Told an elitetrader to early this month this month, paraphrased,
yes a low has been put in ;
fortunately hedged comments with comment more conservstive
traders may want to wait for 50 day moving average[50dma]And early this month & now $xau leaders & some black gold leaders nicely close to 50dma.
DIA & SPY look look stronger than SMH & QQQ.
However SMH & QQQ can be like a sports car in the sense they tend to go faster in ANY direction.
Doesnt mean one has to trade/invest them fast.
