Scanning the media, not a very positive tone out there. A "concensus" that the lows are not in and any rally will not last, etc...I don't have those answers, but should we get a rally and keep on having naysayers, bulls have some hope. Aside from NYSE, the DOW (chart) is the only major above the 200 dma. Must hold (10875). ES (SPX e-mini futures) needs to hold 50% of the current bounce off Thursday low at 1260 ( see 15mn chart September contract). The same zone for NQ is 1569.25.
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on Sunday, June 11, 2006 at 8:45 PM.
