Closing in on an 8 point loss with EV Partners (EVEP) the biggest loser outside of K-Sea which by now we all know about. EV is down 2 on the oppenheimer downgrade. This is biggest one day drop we've seen since the great demise. Still only back to the trendlines and if we look at the weekly charts we are coming into a very important zone for most of the indexes. The moving averages have only now started to turn and attempting to cross over into a positive slope for the longer term. We are at a critical juncture here.
joseph cioffi's Source Page - Associated Content
2 comments:
Joe. Lot of good posts/information today; the reason I read you daily. What happened? Did everything go ex-div or did everyone just figure out the economy is built on quicksand (i.e., excessive credit) or what?
Thanks,
JCarroll
Possibly both...or it could be mutual fund fiscal year end booking of profits. Or just more sellers than buyers! Always resort to the last one when you dont know the answers.
Seriously its all in the context of the uptrend until proven otherwise.
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