Not much happened on Monday. We had a lower volume pullback and everything still looks good to me for another push higher. The Nasdaq is actually slightly oversold and NYSE is neutral. I do believe we are closer to the end of the run than the beginning. SPX 1440 is my target guess before a pullback but we may get there without becoming overbought which could lead to more upside.
Post Modified: July 3rd, 2008 at 12:24 am
Tags: Advance-Decline · Nasdaq Charts · Price Retrace · Standard and Poor's 500 (S&P500) · Volume3 Comments
3 responses so far ↓
hopefully it would be higher and higher.
Andy - Few days ago you posted an AAPL chart saying that its a good short if it reaches $170.. It touched $187 today. Can you share your thoughts again including this new information we have now?
Thanks.
TK - Check out this post. http://ptv-investing.com/blog/2008/05/06/aapl-cycle-example/