PM update (2):
NQ comes very close to daily S3 and we have a bounce. That will need to hold (1810). Banks are still up. Bulls are not out of the woods yet, but NQ had a -60 point day and that is an extreme to say the least. It has gotten a little absurd, as if we were going to get a 20% correction in three weeks in August. I can see that over three months (as in 1998), but not now. 12% is plenty.
NQ comes very close to daily S3 and we have a bounce. That will need to hold (1810). Banks are still up. Bulls are not out of the woods yet, but NQ had a -60 point day and that is an extreme to say the least. It has gotten a little absurd, as if we were going to get a 20% correction in three weeks in August. I can see that over three months (as in 1998), but not now. 12% is plenty.
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on Thursday, August 16, 2007 at 8/16/2007 01:59:00 PM.
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