kleht, thanks for the nice note, and I appreciate your posts as well, and wish there were more.
I am seeing the technicals pretty much the same as you. Although I see the money stream somewhat neutral, but have noticed in some techs a nice accumulation taking in place with in balance of power buying. I know there must be a close derivitive relationship between the two, BOP and Money stream)and like some charting tools, I do not know the details, but am interested that there is a subtle difference between the two. and if it means anything. Understanding divergenaces on charts can be very profitable. If you have any insight, like to hear it.
Just to be clear, I am not bullish longer term on this market than most others on the board. TA and FA at this moment is bearsih. I have a very short term focus in looking at the market, like where does it go in the morning and afternoon, so the bullishnish you hear is for the next 2 days or day, and even at that I am not very bullish, more vexed at when this weak rally ends. We are still in that three month trading range, but the most recent decline was the worst and I think it along with other factors indicate we are going down further, when is my fundemental question. |
