GMI:0; GMI-R: 0; Tech bounce?
The GMI and GMI-R remain at zero. It does look like a RIMM inspired bounce may occur on Friday. Options expire Friday. I still do not trust this market. IBD says put/call ratio on Thursday was only .49–a bearish omen. It hasn’t been this low in months.
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jeff99az added these pithy words on Thu, 12-20-07 at 10:56 pmbounce continues. I sold a good chunk of my long position into $. Indicators still pointing down, but if this bounce continues for a few days, the indicators will turn up.
Longer term indicators are still bullish, so no going short for me except a few positions in key areas.
noted about P/C ratio, but I don’t get too bent out of shape over a 1day reading.
jeff99az added these pithy words on Mon, 12-24-07 at 10:50 amnice rally on Friday. INdicators turning back to slightly positive. Mr. Market looks to have given a head-fake to the down-side. Going to start pushing back into longs the areas I was in $.
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