InvestorsHub Logo
Followers 1
Posts 931
Boards Moderated 0
Alias Born 04/07/2004

Re: RonM605 post# 57378

Monday, 08/11/2008 2:15:11 PM

Monday, August 11, 2008 2:15:11 PM

Post# of 384923
Sure looks that way, especially with oil down, yen down and $USD up. (If the commodities continue to sell off this would definitely support the bull case.)

But, I still think we need to retrace a little bit on the ST/consolidate around that upper downtrend line for a week or two. Also there has been some retracement around the 1.2 level on the $NDXA50R:$NDXA200R ratio charts in the past. (Nasdaq % of stocks above the 50dma to Nasdaq % of stocks above the 200dma) After consolidation it blasted off to the 2 or 3 level.




Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent SPY News