Paulo; My magic ten are all down today, not one gainer..
so PG wasn't alone. Now we have to ask are we oversold,
as some say , or is this becoming a down trend ?
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The overall picture is not a bright one going forward,
with housing starts up about the only good news.
They say consumer spending is still strong, but is that
coming from profits made in the market ?
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The oil companies want to push up oil prices, and Greenspams
friends what him to push up interest rates. Either one will
put more pressure on the overall market.
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Like Bonnie I see some overlooked bargains down stream
value wise & P/E wise, but no one is buying them,
so what good is a value if it don't go up, but just gets
cheaper.
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Short term it may do anything but it looks like that
10000 Dow most people saw in Feb, by year end is going to
have a hard time.
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Here are in my opinion some to watch, and as a group
if they fall from where we are now the down trend is on us.
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GE , KO , WMT, JNJ, IBM, TRV, AXP, MCD, & GM.
they are all Dow components and after looking over
the group I think the above better hold their average
as they appear to hold the critical key right now.
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quote.yahoo.com
has also broke below her 50 DMA for the first time
this year.
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I may not get my small cap rally this time.
Jim
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