Tuesday, June 19, 2007

Dog Days Of Summer?



Dear Readers Time For DOGS ( close to 1 ) to shine. Look at the groups and you will see that the DOGS have reasonable prospoects, while the leaders ( close to 0 ) look bad. As noted before, we prefer to have more distribution days than one we had so far. While this does not prevent the downturn to materialze, usually we have three or more.
Good Trading

1 comment:

Jim Taylor, JD said...

At 7:17 PDT:

the NAZ hit STL at support:2613.76

(Low:2612.42)

Looking to Reshort at 9:18 PDT

Relative weakness of NAZ suggests re-test of lows.

Jim