Wednesday, October 22, 2008

Gadget Stocks Sill Look Bad

and therefore so does the broader market. Trend & Value has been trying to tell you for a couple months that Gadget Stocks like AAPL, RIMM, and QCOM would be the leading issues in this phase of the Stock Markt.

well, it looks like they are starting to weaken again.

if two out of the above three close at new lows the next few days then I would put better than even odds (much better) that the S&P 500 will within a week or so follow with new lows, and very possibly dramatic new lows.

Gold's getting beat up and the Nippy carry trades continue to collapse and people thought a bullshit over-valued Stock Markt is primed to move higher? listen to what the markets are telling you. all the data points are chorusing one word. and it starts with a 'D'. a capital D.