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S&P 500
5,567.19
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1.06%
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US TECH 100
19,828.00
(
0.95%
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Dow Jones
39,375.87
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0.17%
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Brent Oil
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Gizmo

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Gizmo

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Re: was Steve post# 34042

Saturday, 08/19/2006 9:18:16 AM

Saturday, August 19, 2006 9:18:16 AM

Post# of 37180
Hadn't looked at that for awhile but thought the correlation was interesting. Seems it has an effect on liquidity which finds it's way into the market.

I'm looking for evidence of this rally being primarily short squeeze driven. Given that we face a weakening economy and corporate earnings are likely at peak levels I don't see the need to initiate new longs by the big money players.

Check out the candle Fri. http://www.litwick.com/indicators/1254.html

Gizmo...


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