|
PureBytes Links
Trading Reference Links
|
Jim Greening wrote:
> Does anyone else have opinions on next weeks market action.
> Exchanging
> opinions and ideas is always helpful.
>
Looking at a couple of things that concerns me. First, the NASDAQ
and Dow are experiencing pullbacks with more than average volume.
The volume has increased progressively during the past week.
Second, the cumulative advance/decline indicator on the Dow has been
dropping also. I am not a forecast guru but I am betting on the overall
market dropping another 2 - 3 % in the next week. Especially, if IBM
reports less than expected earnings report tommorrow. I think we have
seen the market top for this year.
|