11 replies to this topic

[tommyt]

I agree with Tea, we are close to the end of this rally phase...they are rotating from the leaders of this rally (commodity stks) to the laggards ( homebuilders/retailers). Friday could be crutial, as one last burst up is what remains. The RSI/MACD have gone to the other side, and await a top.

http://stockcharts.com/c-sc/sc?s=$INDU&p=D&b=3&g=0&i=t34791857022&r=8590.png

In addition, we are going to see the bullishness start to soar as we come out of the "normally" unstable months of Sept/Oct, as the "all clear" for the rest of the year is being sounded...especially with B52 Ben behind them. Inv Intell camre out 56% bulls today.

Edited by tommyt, 03 October 2007 - 09:52 AM.

[eminimee]

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=1&mn=2&dy=3&i=p68248364457&a=104586413&r=7745.png