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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (40679)	8/10/2009 10:20:09 PM
From: Mark Konrad	Read Replies (1) \| Respond to of 48463

Oh, I think you're absolutely correct to point out the excessive "me too-isms" in the media...that should set off caution lights, at least. But I do think a correction/consolidation phase is not only due, it's already happening: one.realtimestockquote.com This chart shows the Q's have been working off a severely overbought condition for about two weeks now (even though prices have NOT collapsed). The SPX looks similar and is in day 5 of its consolidation phase. A price collapse could happen, but it isn't strictly necessary for yet another leg up to occur. Whether a consolidation or collapse, I prefer to stand aside until it sorts itself out. Gold miners have also been correcting for almost a week now: one.realtimestockquote.com So, right now, I'm long the few techs I mentioned earlier (always with an eye towards the exit) and am waiting patiently on a new buy signal for the miners. Your comments on my analysis would be most welcome--MK--