Thursday, February 16, 2012

It seems as if we have a roll over from the near term high prices.Yesterday was what is called by some as a daily price momentum reversal day. The computer selling started on Wed. and Wed. was a bearish breadth day, even though there was a strong up move into the close. Yesterday at precisely 12 Noon, to the second, and after a noted TV analyst talked as how Apple was near bubble burst, going up 16 pts. during  the morning. 
all heck broke out, the markets sold off hard, computer stops were triggered like fireworks going the wrong way. Today should be lower as well, if there is any follow through. It's only a couple of days but noted none the less....

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