Just a quick note before I leave: could be a blow-off top for ES which hit 61.8% projection September (1380.25, exactly) and dropped 10 points rather quickly. Semis are not on board and techs are hoping AAPL will save them. It's hard to judge with opex, but that is the picture we have now. In any case, the inflation headlines are deceiving and rely entirely on energy, which could get a bid soon. The inflation boogeyman is still alive and well. I'll be back Sunday.
This entry was posted
on Wednesday, October 18, 2006 at 8:25 AM.
