Last week was the eleventh >3% weekly decline during the month of July in the
COMP. 9 of the previous 10 times the COMP was lower by an average of 1.9% one
week later. 12-weeks after that big down week, the COMP was lower 7 times by an
average of 14.5%. FWIW
bill,
the high flyers and leaders seem rather weak in this melt-up.....
aol, ebay, yhoo, amzn,,,,,,interesting to note that old standbys like intc, dell, msft, lu, csco, and amat are all doing much better....
what does it mean??,,,,heck if i know...but my guess is similar to your data,,,,we're going lower before we head higher.... |
