Bulls keep techs up, hoping for a big retail weekend. So far, we have a slowing economy, consumer sentiment starting to wane and an old tech stock (DELL) that is only showing mediocre revenue growth year over year and has not even issued guidance. The upgrades came out, wich seem peculiar since no one has a clue what DELL sees going forward. What else is new in lala land.
Some Nigerian hostage business is keeping oil from plunging further, in fact it's back on a bid above 59 as I type.
These big opening drops, followed by choppy rises back to the highs at the close is telling us that the distribution is not over. Some pretty heavy money is getting outin a very orderly way when the morning retail buy orders come in. It doesn't mean we can't go higher, but it's getting pretty narrow up there.
Some Nigerian hostage business is keeping oil from plunging further, in fact it's back on a bid above 59 as I type.
These big opening drops, followed by choppy rises back to the highs at the close is telling us that the distribution is not over. Some pretty heavy money is getting outin a very orderly way when the morning retail buy orders come in. It doesn't mean we can't go higher, but it's getting pretty narrow up there.
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on Wednesday, November 22, 2006 at 11/22/2006 02:03:00 PM.
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