Monday, June 27, 2005

And I'm Just Wondering

.....If the almost daily NYSE larger volume than NAZ is the same reason as the tightening spread between lower grade corporate bonds and treasuries.

That Elvis has already left the building, that speculators have already lost their appetite for riskier plays.

Now some high profile stuff like GOOG get played, but in general when compared to yesteryear the volume of NAZ is down and the fact NYSE volume outpaces it is a NEW occurance. SOmething worth watching.

Letter writers STILL overwhelmingly bullish, see this as ONLY a correction/consolidation of the gains. WHo are we to argue, MR MARKET will decide. AHH this just in GOOG to $302! LOL

Top looks like its in here, a new lower low.

3348 TRAN LOW of 2005 within spittin distance.

VIX above 20 EMA but at a low 12.52.

20 EMA turning down here.

Duratek

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