friday's new swing low on NYSE Comp, SPX, etc., was accompanied by 339 new 52 wk NYSE lows
vs over 750 new lows a few days back. IMO that suggests fridays' late drop was a throw in the towel sell off of the weakest issues. the 9 major sectors of the SPX showed 5 holding above previous lows, 4 making new lows on friday, led by the XLF financial sector, no surprise there. we remain in a major cycle bull market.
Edited by airedale88, 06 August 2007 - 06:58 AM.