Fallen Generals, way OFF their 52 week highs.
MSFT, INTC, DELL, GE, GM GOOG WMT AND a host of others. MIsses by C, DD and Alcoa.
In the god old days, such a scenario would seem to abet hysterical selling, but on the day after GOOG'S 60 pt AH drop and miss, market ignored, guess it liked BUsh speach?
We have influx of money beginning of each month....and plenty who still see only blue skies and every drop is buying binge, as the VIX TRIN CPC dither to a wilt....showing no weakness or fear, all is good. SO it appears.
But with the leaders, the GEnerals lagging we are led by the enlisted men and this my friends along with only 15% of stocks within 2% of their highs has some more to go, but as I watch rates continue to climb and fell they will go higher, I DO NOT LIKE the end of the road picture I see.
D
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