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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Slagle who wrote (65563)6/27/2005 1:09:15 PM
From: shades  Read Replies (1) of 74559
 
You know I want to like Phil, but take his daily pick chart for BRCM today - It is like playing that old game "WHERES WALDO" I can find hundreds of W formations in that chart - that is total garbage that he knew ahead of time that particular W was the key one.

Then he says something like this:

The market said to them "enough." It's not about China or high oil prices. There is always some reason the market is effected (it's called by pros "EFFECTS"). It's about lack of 'rocket fuel' buyers. We saw the lack of 'rocket fuel' when the INDU hit 10,500. We saw a lack of buyers.

Well OIL and gas prices are hitting the little princesses "over extended credit" - so not as many weekend excursions in the ford excursion with the friends. No buyers - right I agree - when oil was 11 a barrel we had some buyers - hehe.

Remember his pic of X since that crash - how many stocks do you think is on his screen?
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