Equity pc ratio at .47 today. Everyone buying these dangerous dips that take us to the edge of the cliff.The YM monthly pivot is still on my radar at 10406. I think the threat of higher rates could take over soon. So don't count me into the bull camp quite yet as long as NDX is stuck below 1540. I just don't envision a very strong consumer going forward with higher oil and higher rates, so all this optimism is suspicious.
This entry was posted
on Friday, June 10, 2005 at 4:04 PM.
