Time for a BNN flash-back
We go back to a BNN Market Call visit on or about July 30, 2007 - I like many guests on BNN made some bad calls, but we can also get it right – this was an easy call.
The Dow had just popped above 14,000 for the first time ever and the future was so bright we all wore sunglasses
And why not, Potash was over $220, Commerce just under $100, CP at $87, Canadian Tire at $90, Manulife at $40 and Teck-Cominco was over $50. All was good except many technical analysts I know saw a problem.
Below is the graphics and comment Getting Technical sent to BNN on July 30, 2007 for a market call segment – displaying the North American financial indices violating their March 2007 lows as identified by the two support – resistance lines
I quote
“The Big Financial stocks are not participating in the current Dow Advance
Bearish implications – North American Financial Sectors violate the Feb 2007 lows”
We go back to a BNN Market Call visit on or about July 30, 2007 - I like many guests on BNN made some bad calls, but we can also get it right – this was an easy call.
The Dow had just popped above 14,000 for the first time ever and the future was so bright we all wore sunglasses
And why not, Potash was over $220, Commerce just under $100, CP at $87, Canadian Tire at $90, Manulife at $40 and Teck-Cominco was over $50. All was good except many technical analysts I know saw a problem.
Below is the graphics and comment Getting Technical sent to BNN on July 30, 2007 for a market call segment – displaying the North American financial indices violating their March 2007 lows as identified by the two support – resistance lines
I quote
“The Big Financial stocks are not participating in the current Dow Advance
Bearish implications – North American Financial Sectors violate the Feb 2007 lows”
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