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Strategies & Market Trends : Buying SPLITs and other Strategies
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To: Terry Whitman who wrote (996)3/7/2008 9:09:12 AM
From: Terry Whitman  Read Replies (1) of 1163
 
NEW CHART reads.
Scale goes from -5 to +5:


SYMBOL   Rating   Prev. reading 
MCD        -1        +2       
HON        -2        +5
T          -3        -5    
QQQQ       -4        -2
DIA        -5        +1
SPY        -5        -1
$RUT       -5        -1
$SOX       -4        -1  
GE         -5        -2  
ALU        -5        -2
PPH        -5        -3
GM         -5        -4     
AVG.     -4.08      -1.17           
SCORE


This is the worst score since I began doing the weekly reads 3.5 years ago.

We'll see how much volume we get on this retest of the Jan. lows. So far bearish volume
has not been too impressive. This retest may be a decent buying op. for at least a good bounce..
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