http://stockcharts.com/def/servlet/SC.web?c=$CYC:$CMR,uu[w,a]daclyiay[pc20!c5!f][vc60][iut!La12,26,9!Lh14,3]&pref=G Weakness here belies market action. Rally should send soon, IMHO
I will be watching the 20 EMA of the indexes to see if it repells, so far ONLY SPX has gotten above, see where it closes, NDX, INDU, and TRANNIES all below 20 EMA which has supported rally from OCT.
Underlying weakness of fundamentals and other factors do not mean instant markt collapse, but it does mean you cannot fall asleep with your longs if you have any, IMHO
Duratek
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment