Follow Through/Leaders Chart

Monday, January 14, 2008

Attempted rally intact- waiting for confirmation day



Today was the 4th day of a rally attempt (see blue highlighted area) and while the major indices all closed with a better than 1% gain, volume was at or below average, suggesting big institutional buyers are not ready to get back in. The Today’s leading groups are Machinery-Farm (CNH, ), Fertilizers (CF, POT, MOS, AGU), Machinery Mining (BUCY), Oil Service (NOV,ATW, DWSN).



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