john,
i look at the indices and they're on fire...i look at our little nest of stocks,,,and they ain't going anywhere,,and they're all below the opening gap after having filled the gap...there's no resiliency...the stampede into ge, msft, hd, intc is a sight to see.
i look at rfmd, cnxt, hlit, etek, jdsu, dish, and so on,,,and they're not that strong.....they're down from the open and they're not down even more simply because the buyers look at the indices and go hmmmm,,,,these should be bought,,,,they're on sale compare to the indices....but they're simply weak. this blow off into the major indices supporting stocks may give this market even more legs,,,and make the top even more narrow than the tip of my head.. |
