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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Galirayo who wrote (6493)1/15/2005 8:02:38 PM
From: PuddleGlum  Read Replies (2) of 23958
 
That chart says that GLBL broke the downtrend and looks like s'more. It also says to me that one would like to enter on a bit of a pullback.

Here's another view that would also encourage me to wait for a more opportune time:
stockcharts.com[PA][D][F1!3!2.0!!2!20]&pref=G

One would also like to look at sector strength (probably pretty good right now, but maybe a DWA elf can tell us more). Market looks shaky to me, so your actions are likely going to depend more on how much cash you have than anything else. The punch that the market took after New Year's was pretty solid, but I can't really say that the bull is over, just that the risk looks much higher to me.
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