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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: da_cheif™ who wrote (69727)	11/9/2011 12:25:36 PM
From: robert b furman	Respond to of 206809

Agreed. Seems to me there is nothing working - so to make a living traders scalp the closed market and sell into the market after Europe closes. The scalpers have milked the market so bad that nothing has had a good run.(excepting a few MOMO's ie apple IBM). I guess these mini steps keep on grindiing until enough accumulation has happened. Bottoms always take months and are on lower volume with micro price movements. Its a sign of accumulation and perhaps the unwinding of short positions. When bottom feeders compete with short coverers the positive divergences begin to show - they are showing now in some tech stocks. I love the stocks that are taking on cheap debt to buyback shares outstanding.That is taking the price war to them in a very aggressive way.I like that - especially at low valuations! Bob