Could someone post why breadth
Started by
CLK
, Apr 08 2007 08:12 PM
6 replies to this topic
#1
Posted 08 April 2007 - 08:12 PM
eom
#2
Posted 08 April 2007 - 09:06 PM
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#3
Posted 08 April 2007 - 09:17 PM
Ok, thanks. I bookmarked.
Since I'm into divergences, I thought this looked interesting.
Similar setup in 97 though no divergence in RSI.
Since I'm into divergences, I thought this looked interesting.
Similar setup in 97 though no divergence in RSI.
#5
Posted 09 April 2007 - 12:21 AM
CLK,
Breadth doesn't matter as long as we continue to see news about the latest record buyout. On deck....Dow Chemical.
Maybe, just maybe the bears will get lucky (might last a week) whenever Blackstone Group goes public....but it's many moons away even the market hiccups, it's a longshot that the bears can meaningfully stop the liquidity mania. That comes later this decade when the credit default swap market starts to unravel. So until then, the trend is your friend....
Btw, here's an idea for to capitalize on the massive growth in derivatives trading: OPBL
#6
Posted 09 April 2007 - 12:44 AM
Back on the topic of breadth, looks like we still have weeks ahead of us before the Compq even has a chance of topping.....SPX will come months after.
http://stockcharts.com/c-sc/sc?s=$NAMO:$TRINQ&p=W&yr=6&mn=6&dy=0&i=p23748524697&a=82904442&r=4195.png
http://stockcharts.com/c-sc/sc?s=$NAMO:$TRINQ&p=W&yr=6&mn=6&dy=0&i=p23748524697&a=82904442&r=4195.png