|Just some fodder. I'm with you on the down. NOT sure re when it begins or ends but with a bell curve avg at 56.05 and a stack of sectors at the 58-62 looking like a high rise and AUTO,CHEM, HEALTH, MEDIA,SOFT,TEXTILE sitting at the top. The question begs will they roll right to continue a rally and lift that bell curve avg to the RIGHT or will the roll left to cause the avg to pull down to the 47. MY EYES say LEFT. |
And that supports after this near term rally the spx continues to the 1306/1270.
Also wall street which was at 94 is now at 83.9 and the rule of at some point they ALL sell off.
On an aside. Apple is having one nice bust but if ol apple doesn't make its way to 792. That means the 548 is in control and that means 440 is still possible but depending on how high apple pushes that may turn into a 498. We shall see and NO position re apple. Just an opinion.
Now we sit back and watch.