Lisa Babes, I think half of SI is on the Big Kahuna!! Have you seen the hot subjects page lately? The Big Kahuna is climbing the charts like an overhyped internet stock!! I hope everybody here gets fat on this opportunity!! It's about time the little guy gets one right for a change!!
By the way, one of my more reliable indicators is screaming market selloff. With this indicator, I look for one of the most heavily shorted stocks that has been in a long downtrend, and when it puts in a bottom and climbs on heavy volume, you know the market is reaching a nearterm top. Why? Because the bears start leaving these types of stocks to short the market at large.
My favorite stock to use for this indicator? Boston Market! With over half the float short and a fall from 42 to 3 1/2 in the last year, it has been the Bears Den of Choice. However, just take a look at what happened to it on Friday!! Up nearly 20% on over 10 million shares, and a piercing line for you candlestick analyzers, a very reliable reversal pattern. If it breaks 5 over the next couple days, look out!! (in other words, when the chickens start clucking, get ready for a ...... well, I think you get the point!)
Best Wishes,
David |
