tag:blogger.com,1999:blog-2190750631976859887.post4425565233630415161..comments2009-06-22T21:00:22.308-04:00Eugenehttp://www.blogger.com/profile/09456210209390507278noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2190750631976859887.post-19575162639518168452009-06-22T21:00:22.308-04:002009-06-22T21:00:22.308-04:00I don&#39;t know. Valuations started breaching the bubble-icious territory across the board in emerging market equities two weeks ago and I&#39;m starting to see significant resistance to higher highs.<br /><br />Buy to Sell ratios are not showing any strength either.<br /><br />The selloff was pretty monotonic today on good volume with lower lows.<br /><br />We&#39;ll see, could be a headfake..Eugenehttp://www.blogger.com/profile/09456210209390507278noreply@blogger.comtag:blogger.com,1999:blog-2190750631976859887.post-61144785607031408452009-06-22T20:42:02.893-04:002009-06-22T20:42:02.893-04:00I think the last week was a retracing of the s&amp;p back to 900 from its highs. It was past the moving averages 50/100 day and looked overbought. I think a drop to 900 was necessary, although I am not sure if it would need to go lower before it can resume. Summer months are hard to gauge.gulicioushttp://www.blogger.com/profile/08895657222319326914noreply@blogger.com