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Letter "G" » Greg Nie Quotes
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«I believe it's premature to take a defensive stance on the market at this time. As painful as this has been - and if you look at breadth statistics you get a little upset - I still think it's a temporary move. It's close to reaching an oversold condition.»
Author: Greg Nie
«It was more of a mixed market than anything. The overall tone of the market has been sloppy It's disappointing.»
Author: Greg Nie
«There's weakness in the technology stocks that have been helping the market very visibly.»
Author: Greg Nie
«The small caps held up better.»
Author: Greg Nie
«8,000 [on the Dow] is now going to be the first level of supply. I would agree with that. Expanding volume will help take on that resistance.»
Author: Greg Nie
«We need bigger volume. We need consistency of the 2-1 [breadth].»
Author: Greg Nie
«If the characteristics fall into place, the quality of the market action falls into place.»
Author: 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.»
Author: 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.»
Author: 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.»
Author: Greg Nie
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