Techriders, ALERT: Steve Harmon Thread Indicator
The Steve Harmon Tread (<-proper spelling) Indicator is saying if we have a positive day on Monday, internets are going to fly, a Major-Major Tom if you will.
The way this works is simple, human psychology applied to stocks, markets, to greed and fear. People post a lot when things are good, that's what makes a stock tread get on the Hot List, bottom-line, people running with good feelings. Likewise, when people are getting their buttocks handed to them, they get quiet and don't post very much, if at all.
The Steve Harmon tread is on the Hot List, techstocks.com
though tricky to read at times, it is a tested, proven indicator (short term) of what most internets will do barring world events or other news that move a market. Today the indicator says Major-Major Tom on Monday. The tread has been on the Hot List all weekend and as the opening bell gets closer the tread is near the top.
Hold on to the bar.
There is a whole science to this SI Hot list reading, trust me.
909S and enjoy the Techride on Monday, BLUE
FYI When our old pal Steve was on CNBC Friday he gave the nod to these three ALLR, PCNTF and EFAX. |
