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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (41010)	7/6/2006 11:29:43 AM
From: Nihontochicken	Read Replies (2) \| Respond to of 108698

FWIW, seems to me that the RUT and IXIC lead the broad markets in significant trend changes, and the narrower focus SMH leads the RUT and IXIC (COMPQ) by a day or two. Right now the broader market dailies are bumping the upper BB, which is parallel to the lower or weakly diverging from a fat pinch - not very convincing of a breakout. However, the usually more volatile SMH is still contracting in a relatively tighter BB pinch. I think the SMH may well be a leading tip off when the real break comes as to which way the broad markets go. Of course, the PM indexes may disengage from the broad market indexes, but lately they have all been very well correlated with one another, as if the entire market is simply liquidity driven. stockcharts.com again, FWIW. NC