Watch techs next week. NQ (NDX futures) must hold 1504, or the markets have more downside. The NASDAQ bearish divergences I posted last week raised the red flags and sure enough we sold-off. My inclination is to sell the rallies the coming week. Funds will be doing their usual end of quarter window dressing and so far, it looks more like an undressing than anything else.
click on chart for full size
click on chart for full size
This entry was posted
on Saturday, June 25, 2005 at 6:59 PM.
