THE CLOSE
No need to talk about how ugly that close was and with all the gloom and doom surrounding Big Ben is there any chance the markets will go up again this week?
My indicators are not showing any great oversold bottom here but the TRIN closed at a level not seen since August of 2004. And yes, that was the last time the SPY traded at those levels. I am not confident that the low for this cycle has been reached but a temporary bounce would not surprise me.
posted by DAVID at
4:41 PM
3 Comments:
That was just fugly. I wonder if Ben called his ol' college pals and told 'em to buy some puts ahead of his commentary today.
I love your website. It has a lot of great pictures and is very informative.
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Interesting website with a lot of resources and detailed explanations.
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