The calendar is light today, so that usually benefits the trend. The big numbers come out tomorrow. Nevertheless, keep an eye on that COMP gap close at 2690.
Oil is dropping and that should help techs.
ISEE equities adjusted closed above 200 on Friday and that is usually a sell signal (excess optimism). Note that we dropped to 120 quickly, so all of a sudden there is some nervousness. VIX S1 is 18.37.
Oil is dropping and that should help techs.
ISEE equities adjusted closed above 200 on Friday and that is usually a sell signal (excess optimism). Note that we dropped to 120 quickly, so all of a sudden there is some nervousness. VIX S1 is 18.37.
This entry was posted
on Monday, September 24, 2007 at 9/24/2007 09:27:00 AM.
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9/24/07 10:47 AMWe didnt see much of a market move from the ISEE pullback
9/24/07 10:54 AM
We should turn back soon.
9/24/07 10:59 AM
Im counting on it, LOL. Maybe to the 23% fib
9/24/07 11:06 AM
I think YM 13770/13880 will be retested if the COMP can't close above 2690.
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