Wednesday, June 25, 2008

Markets : 25_06_08




Markets managed a little rally today, based on Fed anxiety and release, and the rally began to fade as the day ended. Put/call ratios quite low, again, consistent with more down trend ahead...Note worthy was that the little dip and rally coincided perfectly with a .500 node on the $NDX, as you can see, however the real trend change more than likely should occur at a node of 1.000 .....

1 comment:

lagscrew said...

Hi Mark

In agreement again with you--nice

I have been watching and doing a lot of studying with Trin #'s and sequence. It along with a few other things today said to short.

another big one is the one you mention--these take a lot of fear out of making the trade