Morning update:
We get a flush lower, with QQQQ tagging 45.12. SPX has support at 1389, December 2000 high. TRIN-NQ hit a high of 5.61. NYSE year lows are at 730, year highs at 8. We are definitely getting a little carried away. NQ 1844 held and weekly S2 at 1847.50 seems to be supportive going into the lunch hour. ER is actually green as are banks. Time to think long or at the very least cover shorts. When there is blood on the streets...
We get a flush lower, with QQQQ tagging 45.12. SPX has support at 1389, December 2000 high. TRIN-NQ hit a high of 5.61. NYSE year lows are at 730, year highs at 8. We are definitely getting a little carried away. NQ 1844 held and weekly S2 at 1847.50 seems to be supportive going into the lunch hour. ER is actually green as are banks. Time to think long or at the very least cover shorts. When there is blood on the streets...
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on Thursday, August 16, 2007 at 8/16/2007 10:49:00 AM.
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