Well, I've been unsubscribed, for being insufficiently deferential toward the creator of this thread and toward the pseudo-science of TA*, Brookelise. An alternate personality will have to carry on. Here are the indexes after the close:
ST Naz CI: 99.155 81.223
MT Naz CI: 99.155 81.223
LT Naz CI: 99.776 96.514
ST S&P CI: 85.419 91.130
MT S&P CI: 85.419 91.130
LT S&P CI: 94.964 97.951
Useless commentary: Interesting close, huh? The Naz CI index is, well, overbought, after rising considerbly from yesterday's close, and yet the Naz composite ended down. If you want some other clues in the market's game of Clue, look at the volume yesterday and today, and look at the Transports yesterday and today. Supportive of a rally, or not part of the games being played at options expiration? Oh, and many perma-bulls have re-emerged from the woodwork on SI, after hiding out during the latest pullback that they said wouldn't occur. What's it all mean? The usual nothing, I suppose. But commentary has to pretend to mean something.
*TA: Generally pursued by math-challenged, addicted gamblers, but occasionally dabbled in by math wizards incapable of coping with the emotional hazards of trading. Er, no, what I really mean to say is that indicators are magic, and prices seek out cardinal numbers and the like because they're magnetic, and oscillators based on past data can be used to predict the future. Oh, and trade rate and breakouts. I mustn't leave out trade rate and breakouts. Chase the high-fliers! Throw your money away! |
