Hey! John! Had to take a shower to remove all that red stuff, made me remember Psychose, the movie.
Naz weekly, I only see a downward channel left.
Width of the flag is too large compared to the mast IMHO, so, no bullish flag in my (red) eyes.
Don't know how low we can go undeh' limbo stick. Maybe should look at my charts while in a bad blood...errr..mood.
How can one have the blues when all turns red?
lvlamb.itgo.com aaaargh! Couldn't prevent that. Seems that it is March all over again.
Hearing that most funds have their end of fiscal on Oct 31.
Must remember that, not to usethe rationale in Dec again.
Funds windows dressing is in the cards till end of Oct. Sluggish market will give them plenty occasions of booking tax losses. Uncle Sam will be very unhappy next fiscal. But WTH, it will be for the next government.
I always have considered the period between CMGI earnings and YHOO earnings a a rally run: seems to be otherwise this time.
Only positive indicators are:
the equities PCR: still far from being overly bearish, but on its way
and the VIX, which seems to be behaving as in Nov-Dec 1999
stockcharts.com[W,A]DACLYYMY[DE][PD20,2][VC60][ILD20!LO20] either my interpretation is completely wrong, or the Sun will shine after the tempest.
Haven't seen anything else than orderly selling on the market, no panic: this could last for weeks.
EDIT: still long, couldn't decide to sell something. Much too volatile, loosers at some point closed higher, winners closed down. Even decided to ride CIEN over the split. The Gods Must Be Crazy. |
