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pstuartb

06/02/06 5:40 PM

#79564 RE: ajtj99 #79560

Agreed. We got bear flags/wedges galore on the indexes. The comp hit the intersection of its 20sma and 200sma and bounced off today. Indu hasn't been able to break above its 50sma. Many other indexes have merely rallied back to their falling 20smas and then backed off. TNX came down hard today, but the indexes couldn't do anything with it.

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LG

06/02/06 6:51 PM

#79580 RE: ajtj99 #79560

ajtj: The 50% retrace of this move down for the NYA (NYSE Composite)is 8313.29.

Short-term Rising Wedge off the 5/24 low is in play. Question is, is it a rising consolidation or not. Place your bets ladies and gents...gg

LG