James, difficult to say...DOW, SPX, NYA are on the support, NDX sitting on the gap,SOX is holding.... Have you seen,what happened to SOX this morning ? Jumped 3% up and went back to the support. We may jump up on Monday,like SOX today and go back... I think,the final bottom is not in yet... TSE 300, NT and JDSU may go lower and drag the NAZ. MSFT is trying up,CSCO is weak,DOT's are the history,biotech is weak,telecom as well. Gold looks good, but why dollar is so strong? I can see, that the timing for my vacation from this market was perfect so far.
Regards,el |