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Two Bellweathers


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#1 tomterrific14

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Posted 23 February 2007 - 02:41 PM

IBM and MER breaking down below uptrends from July lows....XBD and BKK looking toppy....Anyone care to post and analyze charts to confirm or unconfirm a possible trend change?

#2 arbman

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Posted 23 February 2007 - 03:03 PM

The Fed is scared, the repos are at $40B --USD reacts negatively, $6.75 expires tomorrow. They are pumping. There is a true surge in the put buying today, overall P/C is 1.40, the OEX P/C is still over 2.0, a slide in the USD would be a phenomenal sell... Are they really going to take them down?!? - kisa

#3 Jnavin

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Posted 23 February 2007 - 03:30 PM

I agree with the underlying sentiment of your take, but, in my world, IBM stopped being a "bellweather" in 1988 or so. I can't see that it's a stock that ever leads anymore at all. Could be wrong.

#4 tomterrific14

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Posted 23 February 2007 - 05:54 PM

I agree with the underlying sentiment of your take, but, in my world, IBM stopped being a "bellweather" in 1988 or so. I can't see that it's a stock that ever leads anymore at all. Could be wrong.

Posted Image SPDR Financial Sector...topping with a break below the 50 day MA around 37.......?