Morning update:
ISE equity opened at a staggering 271. The open is skewed, but this number should give bulls serious pause as optimism hits an extreme not seen since last July. Bonds still have a bid and NASDAQ keeps making new yearly lows over new yearly highs, a classic bear market rally pattern. Again, I urge caution.
I have to step away today, I will update after the close.
ISE equity opened at a staggering 271. The open is skewed, but this number should give bulls serious pause as optimism hits an extreme not seen since last July. Bonds still have a bid and NASDAQ keeps making new yearly lows over new yearly highs, a classic bear market rally pattern. Again, I urge caution.
I have to step away today, I will update after the close.
This entry was posted
on Thursday, May 08, 2008 at 5/08/2008 10:07:00 AM.
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