Not a pretty close. COMP still has 20 dma support at 2590, right below, but the warning signs I have been writing about in recent posts are now flashing bright red. Be careful and don't be a hero. I have had COMP 2645 as a target, today's high of 2635 is close enough to take very seriously. We still have end of quarter window dressing coming up as well as the iphone release. But bears are getting bolder and bulls a little more scarce every day.
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on Wednesday, June 20, 2007 at 6/20/2007 04:35:00 PM.
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