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Strategies & Market Trends : John Pitera's Market Laboratory

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To: stomper who wrote (9455)	5/22/2008 12:07:45 AM
From: ajtj99	Read Replies (2) of 33421

DIG and DUG had huge, high volume reversals today. Since they are relatively new ETF's, we can't be certain this is a significant event. However, in their short history, the candles and reversals are. I believe it is mroe a result of the weakness of the indices rather than their particular sector. No matter how strong a sector is, it can't escape moving with the overall market when that market is likely moving towards new annual lows.

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