Wednesday, February 07, 2007

Internet Index Breaks Out



Above is a 9 month daily chart of the Internet Index (DOT). As you can see the index has broken out of the recent two month consolidation. In the lower panel is a ratio line of the index divided by the S&P500. Notice how strong this ratio line is...Even during the consolidation the ratio line continued to trend higher. Some of the components in this index that were up nicely today were CSCO up 2.97%,IACI up 2.87%, CKFR up 2.70% and YHOO up 1.84%.

5 comments:

Kevin said...

I'm just posting what I see..Things are changing and I'm not going to get caught on the wrong side of this market.

Financeguide101 said...

Hi Kevin,

Nice blog with updated information about stock market and your posts with charts giving detailed information. Thank you for sharing.

Daniel.

Finance Guide 101
P.S. I have commented here a few days ago but seems like it didn't get your approval anyway I hope this comment will get...

Kevin said...

I never saw your comment from a few days ago. I allow all posts unless someone is being an idiot or spamming all the time.

Unknown said...

Great article

I hope everybody read this article

Thanks

forex

Financeguide101 said...

Hello Kevin,

Thank you for considering my comment and posting......well I commented on this post

Daniel
Finance Guide 101

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