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

To: robert b furman who wrote (47892)	5/13/2012 2:11:06 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69255

Indication are that a break with the seasonality would be tough. BBOX is a pretty good surrogate for IT business equipment demand. Contract manufacturers also showing weakness It is hard to say what would be the catalyst to get the market higher. There have been good trialing job numbers but stocks are forward looking. I think we get the election rally but that is later in the year and closer to the fall. I am not saying it can't happen as the market can turn on a dime given the volatility. I just can't see the scenario that would make it happen right now. That said I am going to follow Zeev's moto and go with the TA when the FA does not make sense.