http://community.nasdaq.com/News/2012-06/u...?storyid=147268 (link for Nasdaq writer opinion.)
The technicals of price and volume last week cast a long shadow over this next week.
R2K showed the least strength, and the Compt and Dow and S&P showed some upward momentum,
But the tendency historically is for price that can not rise on volume (current situation) to test the
recent last price that showed volume. This is in the 1071 area, and maybe lower since overdoing a
decline is the rule. Look for the price that had volume and see what happens.
Cash is a good place to be while seeing what this market really feels. The bear call on the Nas is
significant. Some on ths Board agree. I am in cash with a bear spread.