Hopefully most didn't buy into the great TRIN reading Haines saw early this morning- or the "only down 90" cramer saw when he yapped about the bottom this morning.

Note the DJIA down 330 and the TRIN now at .80- It is pretty meaningless today IMVHO- more meaningful - the action of the internals with 4400 net losers between the NYSE/NAZ.

Margin clerks probably accelerating the down turn at this hour so we probably see a bounce before the close.


Anonymous Anonymous said...

Well said, it seem too many looking a break of 1200 and heading to 1170...

2:16 PM  

Post a Comment

Subscribe to Post Comments [Atom]

<< Home