Noon update:
After a stop run lower low push, NQ resurfaces back above 1932. Year lows for the Nasdaq are at 502 and year highs 17. These are levels (year lows chart) not seen since August and far worse than November. ISE equity call to put is at 71, another contrarian bullish sign. A stealth rally is still not out of the question.
TNX has lost multi-year support at 3.8%. Parking money there is going to start looking ridiculous.
After a stop run lower low push, NQ resurfaces back above 1932. Year lows for the Nasdaq are at 502 and year highs 17. These are levels (year lows chart) not seen since August and far worse than November. ISE equity call to put is at 71, another contrarian bullish sign. A stealth rally is still not out of the question.
TNX has lost multi-year support at 3.8%. Parking money there is going to start looking ridiculous.
This entry was posted
on Wednesday, January 09, 2008 at 1/09/2008 12:30:00 PM.
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