Over the intermediate term, market risk has made its first
significant shift in quite a while: it is moving from a neutral/bearish posture
to a neutral/bullish position.

<spacer>
Nasdaq 52 Week High Lows

Nasdaq_52_week_hilo_103105

Source:
Technimentals

<spacer>

As seen above the 52 week new high-new low index (orange
circles) is at levels that in the past few years have marked

interim lows. Given the lack conviction in the new high-low
index now versus 2003 (when things were just getting started) the market still
has work to do to prove this current oversold rally attempt is significantly
more than that.

<spacer>

Random Items:

Silicon Valley humming again

Rethinking the Social Responsibility of Business

Google introduces a new Airport/Flight search feature

Samsung preps digital music download service

Iran-Contra II?

Much rides on ‘Chicken’ for Disney and Pixar

DRM Crippled CD: A bizarre tale in 4 parts

Jay Leno offering advice on how to be a funny kid 

<spacer>

Quote of the Day:

“People’s spending habits depend more on how wealthy they feel than with
the actual amount of their current income.”    -A.C. Pigou

Category: Investing

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

Comments are closed.