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S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
57,409.10
(
-1.53%
)
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techcharter

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techcharter

Re: None

Monday, 08/06/2007 9:33:28 PM

Monday, August 06, 2007 9:33:28 PM

Post# of 51808
New High New Lows Market Breadth

Market breadth was divergent on the NYSE. Although winners narrowly beat losers the number of new lows dwarfed new highs by a 16 to 1 margin. The huge rally today should have lifted all boats. The internals do not support a strong rally. THis is some sort of corrective bounce.

I'm thinking Wednesday's late day rally began a flat or double zigzag in some markets. Today's rally has the euphoria of a wave c of 2.
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