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[dejgaard]

The battle is on...

After several days above the breaking line, the buyer-side is showing some fatigue.
It is important that the market is not discouraged in the upcoming half week to a week (If JDSU still has a CEO, I wish he'd keep his mouth firmly shut in the next four five trading days...).

On the desidedly positive side:
The telecom sector has been exceptionally bullish in the last few days and has firmly broken out of a bottom:

http://stockcharts.com/def/servlet/SC.web?c=$XTC,uu[h,a]daolyyay[de][pc60!c200][vc60][iUb14!La12,26,...

This sector in particular may take a breather in the very near term (some key players are short-term overbought... man, I can't remember when was the last time I used that word... it must have been in some previous millenium...)

-So hey! - cheer up, gang! This is the first glimmer of light we're seing, here. (We can discuss later if it this was just a passing hole in the clouds, or whether two and a half years of continuous thunderstorm is slowly coming to an end. Either way, it sure is nice to see the sun still exist somewhere up there).

KD