04 January 2008

4-1-2008 : US Indices are bearish

What are the US indices? S&P500, Dow Jones, QQQQ.

All of them are bearish. Thus even some stocks may be techncially bullish (eg. AAPL), its safer not to long at this time. Indices can pull stock prices down easily in a bearish night.

DJ daily
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S&P500 daily
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QQQQ daily
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