MG, I agree with you that you should be playing,
But, in the garden?
Obviously, we have gained some insight. However, I sometimes wish that a technical book was required reading before I ever purchased a share of stock.
What I was trying to say with my little analysis of OEX the other day was that we need to understand what is going on with the sectors that encompass this Index (I feel like the student approaching the teacher on this issue). If we look at our four-legged stool, where is the increase going to come from?
I'm not unhappy about the current situation, although I'm now a cautious Bull. A trading range is probably around 4-6%. OEX 600-636 fits this hypothesis very neatly. Nevertheless, in my system a trading range is tough, since it tells you to sell when you should be buying and vice versa.
I'm glad that you are focusing on SPX. I'm looking at OEX all the time. Now, if other folks would step forward to look at the other issues, we might get this sucker covered. Obviously, Gersh dude has volunteered himself to be the keeper of the dollar. To the other dudes, consider this!! If we are all looking at the same thing, we are wasting our time. I've come to trust the dudes.
Berney |
