Need to wait for the internals to roll over.
Wow. A lot of stops went off.
Started by
ogm
, Jun 29 2007 11:44 AM
3 replies to this topic
#1
ogm
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Posted 29 June 2007 - 11:44 AM
Thought we'll break the highs. But financials are in terrible shape. Back to the dark side ? Need to wait for the internals to roll over.
Need to wait for the internals to roll over.
#2
Cirrus
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Posted 29 June 2007 - 11:48 AM
Big rally in bonds and weak stocks...especially financials. Not a good omen for the bulls.
#4
ogm
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Posted 29 June 2007 - 12:13 PM
This is what I mean. NYSE internals haven't rolled over compeletely either, but this situation is definitely suspect.
We are still in uptrend, untill proven otherwise. Moving averages crossed up, internals momentum up. But... this dump certainly isn't good for bullish case.
We are still in uptrend, untill proven otherwise. Moving averages crossed up, internals momentum up. But... this dump certainly isn't good for bullish case.
Edited by ogm, 29 June 2007 - 12:15 PM.
