Good post, Bobcor. I have many questions, of course, but I will just pose one:
You say... <<5. With Internets topping out well in advance of the rest of the market (see AMZN)>>
Well, yeah, AMZN has fallen.
But EBAY set a new high very recently. ASKJ appeared to set one yesterday. MAMA...oh, forget MAMA. But the point is, the HHH (internet Holdrs) peaked at the end of January with the market. It is now making like it's breaking back UP. YHOO appears bullish here... pointing back up ahead of the broader market, perhaps. If internets lead, as you say, what message is this? The INX, if you prefer that index, has broken above what would be the bottom of any 1 down, if this were a new bear there. Maybe it's a more complex correction or intertwined 1 and 2's, but what is uber-bearish in that chart in your eyes?
FWIW, I love Amazon... for ordering books. I don't understand its valuation, but I do watch the i-nets a lot. I don't see them as you do right now, so I want to hear more of why you think they're leading us down.
Gracias,
the freep |
