So far we have good confirmation on the move down which is good, we don't want to chase the market though.
I do see some things in the NYSE TICK just starting to develop that would suggest we are going to slow on the downside momentum and possibly see a bounce along the lines of what I just suggested in AAPL.
This is very early, but it's a good place to look for early signals and there are some 3C signals that ARE NOT positive right now, but they are moving in such fashion that they could go intraday positive very quickly.
This would be a fantastic set up for us.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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