(For the markets to correct substantially, something major has to come through hard to say what that will be at this point.)
Tuesday, August 4, 2009
Negative news slowly coming through, may unhinge the rally.
There is a correction feeling creeping through the markets, from bank write downs: Europe/UK to US unemployment figures out in a few days from now and US dollar concerns. All and all the rally is overbought (refer to major divergences against volume in the OBV and MFI) but trading within the ranges (Dow) refer below:
(For the markets to correct substantially, something major has to come through hard to say what that will be at this point.)
(For the markets to correct substantially, something major has to come through hard to say what that will be at this point.)
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