MORE USUAL
There it was again another close at the low as the trade remains the same- short the pull ups and close them out into the end of the day. The markets gave plenty of opportunity for that trade and the internals never gave a hint that today was to be different.
The big caps were ugly but the RUT was absolutely awful- with the futures down about 9.5% as the crash in small caps continues.
RSI (2) levels at near 10 - so a rally from the DJIA 8000 level and the SPX at 800 may give some traders a buy signal- also note the lows from Oct 2002/ March 2003 at/near 780 on the SPX- so big support for those with any cash.
posted by DAVID at
4:03 PM
2 Comments:
you going to buy down 780? I don't see how we have big flush with so close to 780... maybe couple day of 10% drop to low 600s to flush out... what you think?
Hi David,
I'm emailing you in regards to an email I sent to you last month about a partnership, have you had a chance to think about it?
If you have any questions or would more information, please advise me and we can go from there.
Kind Regards,
Andrew Knight
Website Manager
Banking & Finance Division
OMG.com.au Pty Ltd
p: (07) 3368 2666
f: (07) 3368 2670
e: andrew.knight@omg.com.au
w: www.omg.com.au
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