Tuesday, September 05, 2006 8:34:08 PM
Steve, here's one of the things I'm watching for continued bearish confirmation.
Significance of the Ndx/Indu ratio is that it indicates investor willingness to take risk.
Notice that this weekly view has remained on a SAR sell and below the 20 SMA vitually since the top.
If Ndx begins to consistently outperform the safer Dow look out above IMO.
Significance of the Ndx/Indu ratio is that it indicates investor willingness to take risk.
Notice that this weekly view has remained on a SAR sell and below the 20 SMA vitually since the top.
If Ndx begins to consistently outperform the safer Dow look out above IMO.
Gizmo...
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