somebody capitulate so we can get a sell off
what bear will throw the maiden into the fire and stop the NAZ rise
Started by
atlasshrugged
, Jul 16 2007 10:52 AM
2 replies to this topic
#2
ogm
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Posted 16 July 2007 - 11:16 AM
I think MSFT and INTC earnings will provide some reality this week.
Earnings expectations are very high.
Besides this whole rally is about mega caps anyway. The rest is pretty much either red, or exhausted after long runups. This rally is really several weeks old already. Look at SYNA, NVEC, TSL charts for example. This didn't start yesterday.
Equities Call volume is absolutely huge. Once again.
Edited by ogm, 16 July 2007 - 11:18 AM.
#3
rkd80
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Posted 16 July 2007 - 11:40 AM
Just looking at today's action confirms what you are saying ogm. DJIA up 70+ yet the naz and spx up a few points?
Breadth:
Advances 1,380 (43%) 1,253 (41%)
Declines 1,712 (53%) 1,659 (55%)
Whoever on this board said that DJIA was going to 14,000 was right - that number was apparently set in advance. Although it could potentially go to 14,130 or so which would be the project target given the breakout out of the range.
“be right and sit tight”
