Friday, August 12, 2005

TGIF

TRIN 1.35
Down volume 65%
New Lows 30
Oil near $67
Vix 12.74
20 EMA for CPCE .64 (stocks only ratio)
Overall index volume muted, soft

For a down day, it had no urgency to it, whole week was up/down/up/down...ragged. I see no fear so far none at all.

Even the Bears are fishing for long plays.

Bonds reflect short covering and "flight to safety?" and oversold.

Considering DELL and CSCO, NAZ held up well.

You'll know real trouble when you see it, the ground under foot may already be giving way.

Lowering GDP last 3 years shows....who can you trust..and also dropped this period of "recovery" into weakest in history.

Considering the stimulus, and the housing BOOM, and auto sales, should make you think, think HARD, AND why ARE INTEREST RATES so low?

Duratek

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