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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Oral Roberts who wrote (56494)10/28/2008 2:23:07 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 57110
 
yes, but how long can it stay there?

and the BPNYA and BPSPX are both right around 8%
stockcharts.com

stockcharts.com

BPCOMP around 11% and gives a buy sig at 20%
stockcharts.com

I think we are getting close to being at the end of this rollercoaster ride, but I do think the prudent thing is to wait for signal from the BPs or at least buy at the bottom of the recent trading range.

I think playing short right now is pretty risky.



To: Oral Roberts who wrote (56494)11/4/2008 12:00:33 AM
From: PuddleGlum  Read Replies (2) | Respond to of 57110
 
My own BP has just barely scraped itself up off the pavement. The bearish percent reached a high several weeks ago that I've not seen since August '87 or October '78.