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S&P 500
5,406.46
(
-1.04%
)
US TECH 100
18,284.80
(
-1.46%
)
Dow Jones
40,579.18
(
0.10%
)
Brent Oil
78.55
(
-0.76%
)
Bitcoin
66,195.23
(
-0.94%
)
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techcharter

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techcharter

Re: Chuck703VA post# 43548

Tuesday, 05/11/2010 6:40:14 PM

Tuesday, May 11, 2010 6:40:14 PM

Post# of 51818
Chuck -Agree a near term top is in.

One of the clues about the larger market is volume increased into the low last week, and the rally is on decreasing volume. This is typical dynamics in a larger downtrend.

The charts would still look better with the markets in 4% range for another week. The lows should be retested. 3 days does not feel like the right amount of time to correct the decline from the April 2010 high. Could make for some nice trading.
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