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Strategies & Market Trends : Buying SPLITs and other Strategies -- Ignore unavailable to you. Want to Upgrade?


To: Terry Whitman who wrote (1069)10/30/2008 9:40:39 AM
From: Oblomov  Read Replies (2) | Respond to of 1163
 
I think this rally may have legs for more than a three-day sprint. Yesterday's late-day pullback was quite bullish, given that it was just the large cap stocks that dropped, and the R2000 still closed up by more than 1%. BWDIK?



To: Terry Whitman who wrote (1069)11/6/2008 10:13:36 PM
From: Terry Whitman  Read Replies (1) | Respond to of 1163
 
No chart reads this week. Too busy- been trying to buy timber land. Went a little high for me today, unfortunately.

Looks like we have a 'sell the news' on the election. From overbought to oversold in 2 easy days.
I'm still a bull here, unless we break the October lows on higher volume. Then I'll have to reconsider..



To: Terry Whitman who wrote (1069)11/13/2008 7:45:26 PM
From: Terry Whitman  Read Replies (2) | Respond to of 1163
 
NEW CHART reads.
Scale goes from -5 to +5:


SYMBOL Rating Prev. reading

MCD 1 1
T 1 -2
PPH -1 -3
QQQQ -2 -2
DIA -2 -3
SPY -2 -3
HON -2 -3
$SOX -2 -3
$RUT -2 -4
ALU -3 -2
GE -4 -3
GM -5 -1

AVG. -1.92 -2.33
SCORE


Oddly enuf- scores have improved, even though we hit new lows in the NDX and SPX today.
That massive intraday rally helped out, no doubt.

This has alot of signs of a final bottom. Only one thing bothers me just a tad-
the 'generals' are at the bottom of the list.. Doesn't bother me that much tho, I'm positioned longer
than I've been in about 11-12 years. If this aint THE bottom, it's close enuf 4 holding all longs.