Monthly Archives: May 2006

thursday update

SHORT TERM: nice rally today afterall Stock indices gapped up at the open, then pulled back to close the gap by around 10:30AM, after that the market added to its gains most of the day and into the close. The … Continue reading

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thursday morning

SHORT TERM: market trying to hold on to these gains Overnight Asian markets were lower by about 1% with the SEC flat, and the BSE was up marginally. Europe came in a good 1.25% higher trying to rally off its … Continue reading

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wednesday update

SHORT TERM: great day for scalpers! Our stock indices opened on a gap to the downside making new lows for the decline. Then within a few minutes staged an apparent short covering rally, (see is this AM’s post), driving the … Continue reading

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wednesday noon

Just posted this on a forum: "I feel since the NDX has led the move down, it will bottom BEFORE the SPX, like it did in October, and I believe April too. In other words I’m looking for a positive … Continue reading

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wednesday morning

SHORT TERM: volatility continues, but both ways now Overnight the Asian markets were again mixed with the ASX/STI/NIK higher, and the HSI/SEC/BSE lower. Europe came in about 1.5% lower and our stock indices gapped down at the open. That was … Continue reading

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tuesday update

SHORT TERM: another rally fails Yesterday, for the second time during this medium term decline, the indices rallied into the close. This morning, again for the second time they rallied 2% off their lows, as mentioned this morning. However again … Continue reading

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tuesday morning

SHORT TERM: a morning rally Overnight the Asian markets were mixed with the NIK/ASX lower, even the SEC declined 3%, and the STI/HSI were higher, as the volatile BSE rallied 3%. Europe came in substantially higher +2%, and even with Bonds down, … Continue reading

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