WEAK MARKETS ??
Started by
mss
, Feb 24 2007 02:35 PM
2 replies to this topic
#1
Posted 24 February 2007 - 02:35 PM
We can see that price is trending up and BOP money flow is trending down. This suggests that the SPX is getting weaker and a point of correction is very close. TWT, but a surge to 1470ish and then a steady decline to 1430 would not surprise me.
Comments welcome, mss
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A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#2
Posted 25 February 2007 - 03:06 PM
mss,
Thanks for the update. The Dow breadth and volume mcosc are at areas suggesting a bounce in the next day or so but several of the NY and Nasdaq breadth and volume mcsum and raw data appears to be turning down at resistance.
Echo
#3
Posted 25 February 2007 - 09:07 PM
I was thinking ,it seems as if a hedge is being taken off,short the nas/long the spx ? and more,,if the black box thinks it's O K..