Tuesday, August 03, 2010

WATCHING DOW THEORY


S&P 500 still under its 200 WK MA, Dow and others near breaking April highs, Transports 300 points below. 70% of trading is program trading, what does the stock market reflect?
Almost all of our economic output is result of gov intervention....stock market seems much too giddy for economy on near life support.
D

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