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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (47518)	2/16/2012 1:57:50 PM
From: Logain Ablar	1 Recommendation Respond to of 70527

IMO there is also a place for unions but they have gotten carried away here in the U.S.

To: Johnny Canuck who wrote (47518)	2/17/2012 3:20:13 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70527

SP500 finally break throught to a new high. I would have liked to see a little more volume to show some conviction on the behalf of wall street. The index still needs to have a follow through day tomorrow though. DOW trading on heavier than normal voluime but not exceeding the volume of the previous day. The DOW was not able to establish a new high though. It still feels a bit tired. It might just be sector rotation or the hint of something more. The trading on the other indices in the next few days may give us a clue. What difference a day makes. The reversal of the DOW utilities index negates the sell signal, but the index needs to clear the February high to get back to the ip trend. I would still be cautious the old economy stocks. The market is still over bought. Too many people are expecting a sell off though and they only expect a 5% sell off. Either the sell off will be avoided because too many people are expecting it or it will be deeper than expected. Higher high on the COMPQ. Back to neutral on the financials. The market seems to want to grab on to any positive news and ignore negative right now. Gold still in the down trend channel.