Shoreco: Thanks for the reply. >>575 has to break, first.No?<< Oh yeah, and this is the play, imo. Why tech is leading now, is rather interesting as the usual tech play is November until May, I thought. It just may be that the spec money is moving into tech out of the commodity based stuff, the Euro and Gold. But the inflows for foreign capital are way down. So I am speculating that this is the domestic hedgies pouring into tech. Again, institutional money hasn't been there on these rally days, it seems to me, and the hedgies have been wrong lately.
So if there is an unwinding of tech, and there is heavy resistance at 1485-1503, the RUT will follow, based on your theory. All speculative bafflegab this post.
Perhaps I should find myself a toy too and take a break personally rather than waiting for a break? ;)
All the best,
AP |
