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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 681.44+1.6%Nov 10 4:00 PM EST
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To: Johnny Canuck who wrote (43328)5/20/2006 7:12:40 AM
From: Logain Ablar  Read Replies (1) of 67835
 
Harry:

Both the NYSE and COMP BP's reversed to O's this week. Both are significant negatives. While it appears the bounce started Friday (we'll need confirmation this week) with the recent technical damage I doubt the bounce is hard and expect lower lows.

I think Zeev is now thinking 1900 area on NAZ by the fall (I can't tell what his overall view really is but assume the recent technical damage has made him defensive as well).
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