then no top on major indices...just another 6 to 8% correction
C=A at 468.
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UTIL
Started by
eminimee
, Jul 27 2007 07:24 AM
1 reply to this topic
#1
Posted 27 July 2007 - 07:24 AM
#2
Posted 27 July 2007 - 07:44 AM
Utilities aren't looking too bad here, from fundamental perspective. Treasury yierlds have dropped, and Utilities yield went up. I'm thinking of picking up a couple.
From technical perspective, we broke that trendline off the lows, but this may very well be setting up as a big falling wedge with positive MACD and RSI divergence.
Edited by ogm, 27 July 2007 - 07:44 AM.