Charts, still not telling me much.
Positives- Stochastics still headed up, MACD still postive and up a hair today, other set of stochasics I look at which was headed dwon, now turning up. Ma's crossed to the upside (that a good one). Some formations very bullish and you could be seeing a lot of teacups out there.
Negatives- recent rally has about of weak as underpinnings as you are going to find, MACD up but weak, BOP declining as many issues have risen (major bad sometimes, lame volume, lame feel, stochastics on up stocks still looking to turn down, stocks which have recovered or are up at resitence.
Market feels and acts clueless, Window dressing might act to prop up this market, otherwise I think we could have a little downside, but pretty much as clueless as the market. |
