Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (792)	6/3/2008 1:56:45 PM
From: AllansAlias	Respond to of 3209

Yesterday, we saw Dow/$XMI kiss new lows vis a vis the move off the May highs. Today, we just had $OEX check-in to that club. The implication I was inferring yesterday, is that this kills the notion for these indices that we have started some new bull move out of last week low.

To: skinowski who wrote (792)	6/3/2008 2:28:18 PM
From: AllansAlias	Respond to of 3209

And $SPX joins that club as well here. Mid-caps, small-caps, and of course tech, are still above last week's low. For my short to win, to not jello around and take me out -- to stay with the short map, this has to be the meat of the move here I think. Should be 'iii of 3' or 'iii of C' down, basis daily. If, and it's a pretty big if, tech can give up its channel out of the March lows next session or two, there is a very good chance it is in such a 3rd wave down. --------------- Yesterday, we saw Dow/$XMI kiss new lows vis a vis the move off the May highs. Today, we just had $OEX check-in to that club. The implication I was inferring yesterday, is that this kills the notion for these indices that we have started some new bull move out of last week low.