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Reversal

  1. redabyss

    1,383 Posts.

    19/07/02
    03:21:09
    38418
     
    Market showed quite a number of minor reversals yesterday, with a number of stocks rising from the ashes. As often, RIO led the market with jump back above the trendline from 1998 - which may make it the buy of the month or may be a whipsaw. BIL, WES and WSF also having "inside reversal days" and even the banks showing a little life.

    Unfortunately at this level it's hard to find good call warrants, so ETOs are the go.

    I am not however expecting much from this rally. If the S&P, which is the weakest US index, cannot get above 950 within the next few weeks it is doomed - seriously doomed. More later.
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