you said DOW would go 400?
dara 发表于 2010-2-2 10:59
I said EWI said DOW target 400, actually below 400, the 1929 high. I do not believe it, but I understand why they said it. It is not ridiculous from the EW point of view.
Thanks.
My hunch is, MM is selling techs for profits with financials to support the market, because financials had pullback and entered a long correction much earlier than techs.
最近几周 Home Builder 和 Finance Sectors 的 Momentum 比较强。
37343
This chart was created using Excel based on the concept Ave described in the following link (http://hutong9.com/viewthread.php ...
intral 发表于 2010-2-2 11:21
Thanks.
My hunch is, MM is selling techs for profits with financials to support the market, because financials had pullback and entered a long correction much earlier than techs.
windy 发表于 2010-2-2 11:20
最近几周 Home Builder 和 Finance Sectors 的 Momentum 比较强。
37343
This chart was created using Excel based on the concept Ave described in the following link (http://hutong9.com/viewthread.php ...
intral 发表于 2010-2-2 11:21
To simplify, it's using EMA(13) of ROC from weekly data, then smoothed by MA(9). Then compare with SPY's ROC. In summary: The steeper the slope, the stronger the momentum is; <0, weaker than SPY, >0, stronger than SPY.