Since the $33.77 buy of the QID, a 2.3% gain is all that the market was willing to give. Even so, it looks like the CMI will hold this buy for at least another week. Although tne Nasdaq was up yesterday, the sell 'pressure' was obviously stronger that that of the buy. We will see if this is a sign of things to come.
I'm still in the camp of those that follow the January Barometer.
Saturday, July 11, 2009
Modest QID Gains
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Market Wrap-Up