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The New DU. Reply #122: Blather looking for a little short covering rally to end the day
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54anickel
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Fri Sep-07-07 02:51 PM
Response to Reply #118 |
| 122. Blather looking for a little short covering rally to end the day |
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3:35 pm : Seeing the sectors that paced the way on the bounce off the morning lows (Finance XLF, Energy XLE) and during the rally attempt over the last hour (Semi SMH) taking some heat again in recent trade with the Dow and S&P 500 setting minor new session lows. Nasdaq Comp has retested but not taken out its morning trough. The only real question seems to be if there will be any short covering in front of the weekend as buyers have no incentive to step in with any conviction. :eyes:
DJ30 -264 NASDAQ -55 NQ100 -2.3% SOX 2.7% SP400 -2.0% SP500 -28 XOI 1.9% NASDAQ Dec/Adv/Vol 2388/593/1.50 bln NYSE Dec/Adv/Vol 2573/692/1.094 bln
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