Fari Hamzei
February 14, 2007
"first [two] one-hundred-point day[s] for DJIA in 2007" is not the issue.
what matters is where the SPX, DJ Trans, NDX and RUT Indices are trading at.
for a healthy market we need to see active participation by risk takers as evidenced by Russell 2000 (RUT) and see a healthy DJ Transportation Index (Trans is a fwd discounter of Economy as a whole) in ADDITION to SPX and NDX
Video Part 1
RUT weekly has put in an outside bar reversal this week and hit an all time high today but we did notice a big seller near the close and DJ Transportation Index closed at all time high today
Video Part 2
bottom line -- the pause we talked about last week has come and gone -- thanks to Uncle Ben
STAY LONG
Cheers and Happy Valentine's Day!