AI
Tuesday, July 24, 2007 7:17:50 PM
Take a look at this chart.
Price is a VERY LONG ways from breadth. If the bottom is going to drop out, this will be the week it happens. We could see a series of a couple more 3-4% down days just to catch up with very poor breadth. The Nasdaq looks like it just completed a big bull trap. Shorting REITS is going to have a very, very good week.
Price is a VERY LONG ways from breadth. If the bottom is going to drop out, this will be the week it happens. We could see a series of a couple more 3-4% down days just to catch up with very poor breadth. The Nasdaq looks like it just completed a big bull trap. Shorting REITS is going to have a very, very good week.
Jan 4 - We have transitioned into a bear market. Completely different rules apply.
May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.
