Noon update:
QQQQ 45.03 gets hit, but they bounce it right back up above NQ 1947.50. It's treacherous, but banking is still up and the SOX is only marginally down. ADVDEC lines have dropped from -2265 to -1707. SPX december 2000 high at 1389 seems to be supportive. Bulls would like the DOW to get back above 12735, 61.8% of the entire March rally. VIX came very close to weekly R2 (36). Volume is low for such a sell-off, at least for now. Stocks like CSCO and GOOG are actually on sale. It sure looks like time to do some selective buying. The deadline for quarterly fund redemptions closed yesterday.
Sprint is going to spend 5 billion on wimax: link, that should help stocks like INTC.
QQQQ 45.03 gets hit, but they bounce it right back up above NQ 1947.50. It's treacherous, but banking is still up and the SOX is only marginally down. ADVDEC lines have dropped from -2265 to -1707. SPX december 2000 high at 1389 seems to be supportive. Bulls would like the DOW to get back above 12735, 61.8% of the entire March rally. VIX came very close to weekly R2 (36). Volume is low for such a sell-off, at least for now. Stocks like CSCO and GOOG are actually on sale. It sure looks like time to do some selective buying. The deadline for quarterly fund redemptions closed yesterday.
Sprint is going to spend 5 billion on wimax: link, that should help stocks like INTC.
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on Thursday, August 16, 2007 at 8/16/2007 11:44:00 AM.
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