Internally the NAZ is a little stronger, barely. VIX is dropping, I closed out my putz early today as well, looking to buy em back.
Waterhouse webbroker had a system wide "glitch" today, still can't trade though it. This is how it will start. One day soon all the major online brokers will go down at once. I have a bad feeling about this week and next. -Contrarian alert- heh heh heh
On a weekly SPX chart going back to April 96 there is a correction trendline, I think BB or Vitas mentioned it weeks ago on the BK thread, connect the lows from 4/96, 4 /97, 10/97, 1/98, 9-10/98. Every good correction has brought the SPX down to this line. It is around 1150 on the SPX now, around April 6-9 it should be about 1165-1170. On a weekly chart the current uptrend has clearly reversed, but still allows for a retest of the highs before further downside, ala 10/97.
Taken from....
Message 8497531
Cheers,
D |
