Thursday, July 26, 2007

Bye Bye rally...

Trade Mike made a good point about the oversold nature of this drop. The Trade Ideas scan had been showing similar lackluster buying. The Russell 2000 has to have some good short term potential - if only to take it back to the 200-day MA:



The Nasdaq is loitering near support and could have merits here. Moneyflow remains interesting:



Apologies for the light posting over the last couple of days as I prepare for the Ph.D. defence of a student.


 
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