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Post by Admin on Aug 6, 2004 13:57:34 GMT -5
From Yahoo:
2:25PM: Equities hold steady at their latest lows as investors focus on lagging job growth and elevated oil prices... At this point (down 1.2-1.6%), the major indices are starting to approach their performance from yesterday (-1.6-1.8%) when the indices posted their second largest decline this year... As it stands now, the major indices are set to finish much lower for the week and end last week's (only) winning streak... Indeed, the Dow, S&P 500, and Nasdaq have been down 5 out of the past 6 weeks as technical conditions have deteriorated and warded off potential buyers...NYSE Adv/Dec 1415/1880, Nasdaq Adv/Dec 702/2306
Call me crazy, but is there enough negative sentiment yet to turn the day around in the final hour? If we haven't capitulated yet, it should happen by Monday.
The economy is NOT this bad!
IMO as always CT
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Post by RPJII on Aug 8, 2004 19:50:10 GMT -5
MACD on all of the indicies is oversold...
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