Wednesday, August 12, 2009

Nice comeback in indices on higher volume....

All indices made a major run to move UP.....Nasdaq "almost took out the 09 HIGHS"..missed it by 33 tick.......

Indices are showing that they are NOT ready to move lower...wants to go higher by making another series of new highs.......

It is nice to hear the "chorus of naysayers & disbelievers in this rally" & some claiming that there are more bulls?

IF there were more bulls..we will be correcting in a meaningful manner NOT 2% which happened in Nasdaq and it has recouped all of it......

Solar stocks took a pounding after SOL,JASO & LDK reported......strangely SOL was a beat BUT it was shown the door as IF it did NOT guide HIGHER????

AH Futures are GREEN

AH Nikkei is UP .8%

AH Oil is UP 57 cents

BLOG does NOT give buy or sell.

Saleem

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