IBM and MER breaking down below uptrends from July lows....XBD and BKK looking toppy....Anyone care to post and analyze charts to confirm or unconfirm a possible trend change?
Two Bellweathers
Started by
tomterrific14
, Feb 23 2007 02:41 PM
3 replies to this topic
#1
Posted 23 February 2007 - 02:41 PM
#2
Posted 23 February 2007 - 03:03 PM
The Fed is scared, the repos are at $40B --USD reacts negatively, $6.75 expires tomorrow. They are pumping. There is a true surge in the put buying today, overall P/C is 1.40, the OEX P/C is still over 2.0, a slide in the USD would be a phenomenal sell...
Are they really going to take them down?!?
- kisa
#3
Posted 23 February 2007 - 03:30 PM
I agree with the underlying sentiment of your take, but, in my world, IBM stopped being a "bellweather" in 1988 or so. I can't see that it's a stock that ever leads anymore at all. Could be wrong.
#4
Posted 23 February 2007 - 05:54 PM
SPDR Financial Sector...topping with a break below the 50 day MA around 37.......?I agree with the underlying sentiment of your take, but, in my world, IBM stopped being a "bellweather" in 1988 or so. I can't see that it's a stock that ever leads anymore at all. Could be wrong.