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Market Analysis - Technical View

9th July (41) 09-Jul-08 08:45

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Posted by: radhika_nandlal on ( 09-Jul-08 08:45 )

Folks, What do i see? The TRIN of the NYSE is so oversold at 21 or have i got it all wrong?LOL.. What a laugh... i mean when the US market rallies and the TRIN is oversold and how, its a terribly bearish divergence. The folks there used this opportunity given ystday to sell all they had lol lol.. so they are not optimistic at all there The crude of course looks bearish and so does the dowjones. The Nifty too is bearish. All in all bearish, just some shortlived bullish sentiments holding sway today.. lol. caution advised.

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