Tuesday, October 07, 2008

2008-10-07 Market Watch

In term of the broad market, the big picture is not changed.  However what happened in the financial sector is subtle.

SPX daily:

spx

Basically everything is the same as yesterday.

The intraday chart (15-min) looks more bearish than the daily chart:

image

XLF daily:

xlf

Wave counting must be wrong.  I will look into it later.

The intraday chart (60-min) looks fishy:

image

QQQQ is the same, just like SPX.

IRX - 3-month treasury bill discount rate:

sc

Now the situation is getting a little bit better.

No comments: