NDX and COMP are rejected at 10 day exponential moving averages and weakness is starting to creep in. There is nothing bullish on the horizon except for dreams of a rate cut. Even if that occurred, any rally might be short lived as traders ponder the reasons for a cut, namely recession fears by the Feds. But Bernanke seems to be arrogant enough to believe he is right to stick it out.
Gold is the clear winner today.
Gold is the clear winner today.
This entry was posted
on Friday, March 16, 2007 at 3/16/2007 10:42:00 AM.
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