SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Waiting for the big Kahuna
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: okavango2/5/2007 2:25:00 PM
   of 94695
 
What a struggle. Here's the bullish view from Investors Intelligence, fwiw:

There were just 46 buying climaxes last week, a good sign, with the Dow Jones Industrials and Transports both moving to an all-time high. The few new buying climaxes means that stocks are holding the majority of their gains at the end of the week. The prior week saw 135 buying climaxes and, while higher levels were shown in December and January, none reached the very high numbers we associate with market tops. That shows there is not much in the way of distribution and is a still favorable sign. We normally see readings well over 200 at peak areas, and we counted over 600 buying climaxes at the early May 2006 high. -- Investors Intelligence 2/5/07

My SETUP returned to a buy last Thursday. I've been wary, so have been slow to act on it... I finally entered a QLD buy order this a.m., but haven't been filled as yet. To ME, it doesn't "feel" like we should go higher (and I could offer a dozen reasons why we "shouldn't"!) but who knows?

stockcharts.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News