Sep 2, 2010

Markets rose on anemic volume. Tomorrow’s volume will be even lighter. Honestly, this is pure manipulation of the technical charts on known low volume days in preparation for post-Labor Day.

Short-term: 2 green, 2 yellow – bounce underway
Intermediate-term: 2 green, 2 yellow – bounce underway
Stock targets: 37% swimming, 14% neutral, 49% sinking – still deteriorating, still meaningless

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: