Hi Bernard,
I took a look at a few charts, you know stochastics, MACD, Williams%R. So many stocks bounced on Friday, all the charts make them look like they're all rebounding. OMKT, ICGE, INSP, KANA etc. But its tough for me to treat Friday as a "normal" trading day, if such a thing exists anymore, lol. The nice thing about ICGE was that it traded on heavier than normal volume Friday. And its a stock that individuals and institutions like to buy.
I saw this post on one of the hotlist threads. Thought you might like it:
Message 14878406
It claims fair value for the S&P 500 is 1098. But if you factor in some rate cuts that bring 10 year bond down to 5.25%, and you get S&P 500 = 1180, which only 10% lower than where we are now.
The funny thing about tonight's news ... I'm not even sure what the futures will do tomorrow !
Chris |
