Greg Nie Market Quotations

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.

It was more of a mixed market than anything. The overall tone of the market has been sloppy It's disappointing.

There's weakness in the technology stocks that have been helping the market very visibly.

If the characteristics fall into place, the quality of the market action falls into place.

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.