Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: jjstingray who wrote (1679)	9/2/2008 2:12:00 PM
From: skinowski	Read Replies (2) of 3209

Q's sold off - at least intraday - back into the range where they were from late July to early August. That is bearish - more so if it closes down there. VIX also - broke out above that line without any hesitation earlier today, even while the all major indices were still positive. All this is relatively short term stuff, but it's happening at a juncture which may be important in the larger scheme of things. If the rally since mid-July was only a consolidation following the May decline, we may be due for a period of fireworks.

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