Sometimes the hardest thing to do is nuthin<gg>
...all day long... but more often than not it's well worth it And a person can work up a mean thirst after a hard day of nuthin at all too...
this guy makes some interesting points...
home.att.net
courtesy of Jorg over at the market lab.
Distribution everywhere... 5 days this month on the comp, 5 in July, 4 at least in June and a climb on weak volume all throughout August which had stealth distribution I'm certain. Remember that distribution can still happen on an up day, but it's important to see the index move up much less on increased volume than the previous session(s), often closing in the lower part of the spread.
I still think the gap around 3200 will fill in the next few weeks. I want to buy in here but I won't. Sold my winners, and took some small losses too to preserve capital<g>
FACT: The best time to buy techs in the past 52 weeks was between September 24th, 1999 and October 19th, 1999. . . the Nasdaq composite then was near 2700.
FACT: The best day to buy techs during the prior 52 weeks was on October 8th, 1998, when the market tanked. . .the Nasdaq that day was 1400.
FACT: The best day to buy techs the 52 weeks before that, was October 28th, 1997. . . that day the market tanked horribly on Asian panic.
Are you beginning to see the pattern here?
Message 14429969
Speaking of reading, I do alot of work for a real nice fellow who knows both Shiller and Siegel, says they are good friends. I'll have to read "Stocks For The Long Run"...I've been in the middle of "Exuberance" now for months<g>
lets just hope Shiller doesn't turn out to be the next guru<gg>
From Mr. Moto's top shelf...
piraz.com
This weeks monetary report...
piraz.com
Best Regards,
JM |
