Wednesday, May 13, 2009
Not exactly an upside breakout? Earlier today I heard that the "Talking Heads" were theorizing yesterday, the DOW was +50, while all other indexes were negative due to SHORT COVERING in the DOW. WOW ! ! What a pretext of lies.!! Had it been SHORT COVERING, would not this have been the bottom ? ? ?
I'd have to say, lets see where it goes from here. The NYSE counterpart to this picture is less clearly defined, and another day or two of this will probably produce a counter- or relief rally, so tracking it will give you an edge.