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| Alias Born | 06/16/2004 |
Monday, April 04, 2005 10:03:12 AM
***DJI just broke 200 day SMA (to the downside)...
*EDIT (10:07 am): DJI continues to bang back and forth right near the 200 day SMA, both above and below here. Key components in the DJI that are firmly green are AIG, WMT, and XOM. Now AIG and WMT and there's no way that volume confirms these bounces which are "tepid" attempts at best... only thing holding up the DJI at this point is XOM as far as I'm concerned...
DJI back below 200 day SMA as of 10:07 am, now at 10374... 10368 on watch as well... if that breaks, the Dow would be trading back to as low as it was when Bush was elected... which may officially call to an end what I've been calling the Bush honeymoon rally/bubble... whatever you want to call it, that chapter of the book looks like it's already been written...
*EDIT (10:07 am): DJI continues to bang back and forth right near the 200 day SMA, both above and below here. Key components in the DJI that are firmly green are AIG, WMT, and XOM. Now AIG and WMT and there's no way that volume confirms these bounces which are "tepid" attempts at best... only thing holding up the DJI at this point is XOM as far as I'm concerned...
DJI back below 200 day SMA as of 10:07 am, now at 10374... 10368 on watch as well... if that breaks, the Dow would be trading back to as low as it was when Bush was elected... which may officially call to an end what I've been calling the Bush honeymoon rally/bubble... whatever you want to call it, that chapter of the book looks like it's already been written...
HI-HO SILVER !!!
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