Sunday, June 06, 2010

ALTERNATIVE NOTES, Weekened scribble

What is WRONG with alternative energy?
Friday was a 99% down volume day, rather one sided and nasty and continuing pattern of increasing volume on down days.


Maybe from historical perspective, tops are not made when certain indications also meet with top values, usually breadth etc weakens months in advance of the top.


I did spot other momentum indicators that did signal divergence, so to many this is not a done deal.


I think fundamentally jobs report tough one to get past or excuse away.


ACTION in the stock markets will let us know if its different this time. I hope it is meaning economy can resurrect itself, one has to wonder when GOV is providing most of the spending and job growth.
Under the cloak of mouth pieces chortling the minute by minute growth of economy and prosperity lies a decaying morass of Americans, multiple families living together....losing all hope
Duratek


No comments: