Friday, November 17, 2006

A little noticed phenomenon

Looks like an object in motion stays in motion; for oil prices and inflation that means to the downward trend is intact and for the stock market that means a continued building of the year end rally. This looks to be the beginning of something bigger again I would like to see a broadening out of the advance decline line and a significant increase in the new high /new low numbers .The big signal will be a significant increase in volume that has yet to materialize. Tech have begun to assert them selves for the first time in a while ,with many of the large cap Techs are looking better than they have for some time. Semiconductors are signaling a break out. A little noticed phenomenon that exchange IPO’s have moved up significantly seems to be a very bullish signal for the market in general.

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