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agip
RE: Down goes the Dow

fisky wrote:

[quote]Maserati wrote:

DJIA down 75 so far today, after an initial surge. Still doesn't amount to anything definitive, one way or the other.


Agreed. DJIA up 38 now... still nothing definitive. This is a good time to sit back and wait. A close above 16323 followed by a second day above 16232 would be a short term bullish trading signal.

OTOH, the $COMPQ is looking increasingly weak with a new low YTD. I wonder if the big rebound from the intraday low is a short term reversal? Let's see if the bounce holds until close.[/quote]

well by l'fisky's readings of the chart tea leaves, we have a short term bullish trading signal.

The US measured by VTI has already rebounded 2.5% from its lows last week. Was this just another headfake that shook out the weak hands and will force them to buy back in at higher prices?

Probably.

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