WEAK MARKET
Started by
mss
, Aug 06 2004 06:21 AM
1 reply to this topic
#1
mss
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I'M WATCHING
Posted 06 August 2004 - 06:21 AM
Refer to the post on Aug3 & latest Week Dow/SPX. After yesterday things only got weaker as far as internals are concerned. Failure and turn back on price & vol. movement indicates a steep decline ahead. Yes we may get a oversold bounce, but IMHO markets have now turned Bearish on a IT base.
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#2
PorkLoin
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Member
Posted 06 August 2004 - 08:09 PM
Agree, Mss -- we're oversold and likely due to bounce, but the picture has become more bearish. I see the indicies as declining in an impulsive manner (Elliottwise -- with the main, prevailing trend) and rallying correctively. Here again, an upwards or sideways correction gives good odds for prime opportunities to sell or add to shorts.
Best,
Doug
