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S&P 500
5,431.60
(
0.00%
)
US TECH 100
19,170.00
(
0.01%
)
Dow Jones
38,589.16
(
0.00%
)
Brent Oil
82.76
(
0.77%
)
Bitcoin
65,664.17
(
-1.46%
)
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techcharter

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Alias Born 06/03/2004

techcharter

Re: None

Thursday, 08/26/2004 10:59:28 AM

Thursday, August 26, 2004 10:59:28 AM

Post# of 51799
One more little rally
Both Dow and NAZ are close to a turn.

In the Dow 10200 is the 61.2% retracement of the late June to mid August selloff.

In the NAZ 1867.28 is the 38.2% retracement for the same timeframe.

The lagging in retracement % by the NAZ could indicate a "flight to quality". Money is shifting out of tech and into bonds and bluechips.
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