Quote Originally Posted by ilonaross View Post
Despite a large percentage move for the major indices last week, the tape leaves
much to be desired. While the Nasdaq and Nasdaq 100 climbed slightly above some
resistance levels last week, and a few select breakouts have succeeded, there
appears much more wrong than right with this tape:

First, the major indices lack any accumulation. Other than Friday's options
expiration -- which caused volume to surge -- and Thursday's higher volume
..............................
This email was sent by Edward Hornstein, 60 east 42nd street, suite 1144, ny,
Interesting. I think we are in the firt scenario the author gives, I also remember 2010 and was kind of convinced it would break down, they came the QEII and the developments the Mr Hornstein relates as a consideration of what could be an alternative escenario.......... a rally resume mode.......... In early summer 2010 there were lot of indicator pointing to a posible doble deep as this 2011 summer, I consider this time is more clear will see contraction on GDP (yoy) one or more of these quarters ...... international developed economies talking ..........but just in case I´m too wrong and for the similar 2010 escenario is good to know that german Bundesbank has said today they envise a robust growth for the 3 quarter just about to end....... german economy is very open (Imports+Exports as % GDP are high, they are 2nd rank in export countries) and the guys in Bundesbank have good info or course.........

PD: I arrived here trough EB forum