Not what you'd expect, but we saw this trend this summer, just before the bottom dropped out.
Any reason not to expect the same?
267 Nasdaq New Lows Today
Started by
borland
, Nov 02 2007 04:25 PM
2 replies to this topic
#1
Posted 02 November 2007 - 04:25 PM
#2
Posted 02 November 2007 - 06:56 PM
The financials are still leading to the downside, we'll see whether they've been discounted enough. There are a lot of warning signals, but if the indices turn around from here, this divergence will look more bullish than bearish for the ST... I expect a top later in Nov or early Dec...
#3
Posted 03 November 2007 - 07:50 AM
nice chart thanks from an ewave perspective i expect the qqqq to make one more new
high and then crap out
cheers
gman
feeling mellow with the yellow metal