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Strategies & Market Trends : Longer-Term Market Trends
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To: Perspective who wrote (891)6/11/2008 3:37:17 PM
From: AllansAlias  Read Replies (1) of 3209
 
Bob, We have talked about the divergences and leadership here, where we see the leadership to the downside of the Dow off the top (30 stocks), then less strong downward push of the S&P 100, followed by the broader S&P 500. The last few sessions, we see tech perhaps turning over.

Basis Dow daily close, the rise out of the March low is about 75% gone at today's level, with us about 400 points from the March low. Very close to what one can soon classify as a test of the March lows.
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