Thanks. Shack's board raising the red flags tonight. AJ projecting a break to new lows on the SOX, Shack getting religion on the bear case. Zeev at iHub insists on seeing 1940 break on NASTY before donning the bear suit. He may be coming out of hibernation before Mother's Day.
USPIX refused to make a lower low in the last two attempts. Looks like the IT worm has turned there. On the monthly, it's just now crawling out of the hole, the slo sto's being the main indicator:
bigcharts.marketwatch.com
On the weekly, looks like the low is in on the slo sto's, while MACD and RSI remain in their nascent uptrend:
bigcharts.marketwatch.com
The daily chart says the ST fun is only just begun, so buying in before the boys' end-of-month stability exercise will be the last chance to get on board the short train before it leave the station, IMO:
bigcharts.marketwatch.com
I'm expecting USPIX to hit 25-26 on this ST (4 wk +/-) move, 30 high case, 23 low case.
Nspolar, what's your NDX count now? Does it have to change now, or was that up yesterday enough to keep it intact? That option 2 on Clappy's poll is looking good IMO, that one saying NDX is in a larger 4 down. Zoran has that count on S&P too, but his caveat (which I agree with) is that the 5 will fail.
Regards,
crusty |
