Quote:
Originally Posted by petegz28
Unless we get some kind of buying or short covering or something, there is absolutely little to like on the charts right now. The only ray of hope is we could possibly be setting up a head and shoulders bottom.
But the down trend strength is really strong right now and the market internals suck!
edit: We bounced right off the 20 day Linear Regression line on both the SPYs and QQQs. Morning could be interesting.....
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Yeah, the grains backed up some. I figure guys aren't wanting to be too heavy over the weekend. I thought maybe the inverse would happen in stocks. It appears not to.