Friday, July 16, 2010
Nearing bounce time
Starting to see some buyers coming in on the NAS. Nas TRin now below 100 and dropping, at 93. right near where RUT hit 613. ADD is turning up, now -1914. SnP TRIN is wildly bearish however at 370, probably short term oversold. Maybe this is all just wishful thinking so I can get more short.
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Well so much for that... blew right thru that support. Very powerful down move today. Rut low so far is 610.50
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