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The short covering rally is starting


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#1 2cents

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Posted 28 February 2007 - 12:26 PM

Wait till the TRINQ has at least 2 hrs below .50. This should be the exhaustion signal. I would expect the NASDAQ to be up 30 to 40 pts. by this time. Gold stocks are up against a falling metal price. The stocks should lead the metal.
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#2 spielchekr

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Posted 28 February 2007 - 01:25 PM

You may be right, but I'm waiting until I see compressions in the indices (like this one)

get released or worked off. Ben the Benevolent still lurks, y'know.

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=1&dy=0&i=p20191484105&a=96311835&r=5637.png