Flashbacks

Friday's move straight down probably resulted in some dejavu for the bulls, namely bringing back memories of the 12% move down into July 4 weekend. The coast is certainly not clear, but the good news for the bulls is that we don't seem to be going down that same path again. 

4 comments:

Anonymous said...

Not yet.. I don't expect this market to rally just for the sake of rallying. It will need some good news.

A lot of technicians are watching closely. We already went threw the 50 dma 3 times. Lots to be bearish about.

nicasurfer said...

Did you see the call buying today

Tsachy Mishal said...

Im not saying the markets not going down. Im just saying that it doesnt appear to be the same market of a few weeks back where we go straight down.

Tsachy Mishal said...

nicasurfer,

The day after expiration is a tough read and ISE is not confirming so Im not reading too much into it.