This line up pretty well with our previous findings about techs relative weakness. We are seeing clear divergences between most major indices strength and techs behavior.
See the following Semiconductors chart:
Saturday, August 08, 2009
Quick note: Techs sneaking away
Before posting a weekly wrap up I wanted to share with you some observations during today's rally. First of all: main trend continues to be bullish and I am not going to fight it (Plan A for day trading stands) but as I am seeing quite a few signs of weakness, will point them out to prevent unpleasant surprises :).
This line up pretty well with our previous findings about techs relative weakness. We are seeing clear divergences between most major indices strength and techs behavior.
See the following Semiconductors chart:
This line up pretty well with our previous findings about techs relative weakness. We are seeing clear divergences between most major indices strength and techs behavior.
See the following Semiconductors chart:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment