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[ogm]

We went into a nosedive for the past couple Fridays. Will the market be able to hold here ? Big question. So far we didn't break previous low on SPX.. thats good. Now if we don't go into another swoon in the last hour.. that will be double good RUT is outperforming greatly. And on NYSE despite 2 to 1 negative A/D, the volume a/d isn't that bad. Up volume is barely under down volume. XLF seems to be holding up ok. With a lot of banks now green on the day. TRIN has opened at 4+ today and now 0.8.. also a good sign.

Edited by ogm, 10 August 2007 - 11:44 AM.