Edited by thespookyone, 10 May 2007 - 03:56 PM.
Nice Breadth-to the downside
Started by
thespookyone
, May 10 2007 03:55 PM
1 reply to this topic
#1
thespookyone
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Posted 10 May 2007 - 03:55 PM
Unlike the weak breadth going up, it appears the breadth to the downside on the Naz and Dow, was 3 to 1 negative. PC ratio as a solid indicator still alive, and going to yesterdays levels, it was screaming DUMP. I have no doubt that the bulls buy this part of the way down, and I welcome them. When we hit the bottom of the RST-I'll be the biggest bull of all-and I suspect they'll be wanting to short. Speaking of shorting, did I notice Da Chief shorting instead of snorting, as well?
Spooky
#2
JAP
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Posted 10 May 2007 - 05:31 PM
Unlike the weak breadth going up, it appears the breadth to the downside on the Naz and Dow, was 3 to 1 negative. PC ratio as a solid indicator still alive, and going to yesterdays levels, it was screaming DUMP. I have no doubt that the bulls buy this part of the way down, and I welcome them. When we hit the bottom of the RST-I'll be the biggest bull of all-and I suspect they'll be wanting to short. Speaking of shorting, did I notice Da Chief shorting instead of snorting, as well?
Spooky
A much needed pullback, but we need more cleaning out.
It's funny how bulls get very meek and humble on days like these.
