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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (45047)	10/9/2008 10:40:43 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 71004

I bought some IDG at $13.55 and $10.55 over the last few day, just small start positions. I won't buy again till I see a new record high volume day to indicated capitulation. I think we now need to 10 maybe 12 billion shares on the NYSE at least to confirm that seller have thrown in the towel. Remember that bear markets can see the indices fall as much as 40 percent. That would be about 6,000 to 7,000 on the DOW and it may take a decade to get back to the old highs. It is frighten. The only port in a storm are dividend paying stock kept paying dividends even during the Depression. Companies like SPH just raised their dividend and with the selling have a yield close to 10 percent now. As least dividends are easy to understand. Earnings just have to cover it and most management won't increase it if they don't think it is sustainable.