Thursday, May 29, 2008

Indices

Going to be a Big News day. Anyway, we'll see if market factored it in.

Dow Jones
-Indicators has a bottoming feeling.
-Fish is trying to turn flat to up, cci is going to break minor support.
-But watch out for profit taking.

Nasdaq
-cci have not totally crossed zero line but Fish turning flat.
-overall positive bias.
-From Woode: It has not totally rejected unless it crosses zero line.

Rut
-surprisingly, did not see cci go below zero for almost 2 and half months.
-anyway, overall positive bias.

In all, can see power of EMA.