If the characteristics fall into place, the quality of the market action falls into place.
More Quotes from Greg Nie:
I think the market has enough positives to get back to the upside shortly. We need to avoid any mistakes. I think that's the catch for today. The Dow breaking 7,600 would be a mistake.Greg Nie
If the currency is going to weaken, the U.S. dollar, that is, it raises the prospect of expatriation of funds back to their home domiciles. That would bring some renewed pressure on the bond market.
Greg Nie
You take today and the rest of the week with a grain of salt. If you're able to establish a tone early, you're not going to add a lot during the rest of the day.
Greg Nie
We had nice strength early, and then bonds reversed and stocks followed. It's certainly a bit more choppy and wide-ranging than you would expect to see. The technical picture has eroded from positive to neutral.
Greg Nie
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I know but one freedom, and that is the freedom of the mind.
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How can any man be weak who dares to be at all?
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