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To: stox19 who wrote (11654)3/6/2008 6:06:16 PM
From: Return to Sender  Respond to of 13403
 
OT: On the retest I think we might be headed all the way back down to 1270 on the SPX. Maybe even lower before we get our ultimate bottom.

Look for RSI of 30 on these major indices:

siliconinvestor.com

Sentiment is bearish enough to be encouraging. But it is quite typical of the market to set an even lower low with many a positive divergence in place before a true lasting bottom is formed. We currently have loads of positive divergences in place, bearish sentiment, rising volatility but still well below recent highs.

I want to be a buyer on this dip but no one can know for certain if this will be the ultimate dip for this cycle or if that will happen even later this year.

Regardless, I like the fundamental valuations of many a stock in the sector so as long as you are not buying on margin I think we will eventually see much higher prices for FSII and most every stock we discuss or trade.

RtS



To: stox19 who wrote (11654)3/10/2008 10:43:23 AM
From: stox19  Respond to of 13403
 
FSII Bot 4000 @ $1.44 to average down this dog.