Wart,
First of all I feel privileged to acknowledge your unwavering consistency in posting the interesting scan results. Along with David J's series of magnet postings, Bruce L's 3dRSI contribution, Ivan's superlative efforts on the cathouse thread and the Friday close scan hits from Bdog, Woody and the gang there has been maintained a high performance, result oriented focus here. (sorry...I like constructing long but accurate sentences >gg<).
Now...As far as your idea is concerned, ..."Unusual event from yesterdays scan: All the stocks listed were up!!! The highest was 10 percent and the lowest was about 1% with the average about 3%. Does this mean the broad based advance has started?? or just a fluke?".....
It's a start. The main point to take away from the list's performance is that what we do here works. So...within the boundaries of our scans, the answer is...there has been indicated an initial, but still unverified, broadening out of the overall market advance.
I could comment beyond the fact that I am still long-term bullish...etc...but there is plenty of room here for any of the seminar grads to come to their own conclusions.
It's all there in the charts.
One note...there are 3 factors to consider as far as the market, the economy and the forward outlook of each go:
Long term (5 to 9 yrs) technical considerations (the best tool with which to gauge the next two when properly applied) are positive.
Fundamental considerations such as the demographic nature of a population bubble moving through the economic structure, the level of productivity advances afforded by the utilization of advanced technology, the movement toward the perception that globalization of the combined efforts of humanity is more than just "desirable" and...of course...
The race by every individual of means to outpace the norm and/or secure future financial stability against the inevitable cresting of a monster wave 3.
Other than that...buy low, sell high,
Doug R |
