Tuesday, July 19, 2005

YEAR LONG TRADING RANGE BOUND

Daily NDX chart ROC RSI overbought.

WEEKLY WEAKLY CHART ALL that bullish energy for this?

When support gives way (what am I crazy?) look out! ALL kinds of non confirmations going on, let's see even if IBM euphoria can last the day!

Factory ute rates and industrial production, a NOSE BLEED housing sector, a FED whwo MUST continue to raise rates, humptey dumptey.... do YOU BUY an easing FED or a TIGHTENING FED?

D

1 comment:

Marc R said...

Michael,

Maybe running like Pampalona.....but somebody ALWAYS gets gored.

You DON'T run after a market, it will come back to me.

D