Before I wrap things up today, I wanted to give you a brief snap shot of the DOW. Are the Bulls Back?
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Joined Jan 27, 2008
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BEAT…you can’t stop it; you can only hope to contain it.
Of course I’m biased, but doesn’t that chart look a little “bear wedgie” to you?
_
Jake,
Good news, the market was up 300 points. According to that link Fly showed us the other day, this only happens in bear market rallies.
You’re safe.
i think we have a nice up week next week into options day. oil needs to capitulate and flush out the idiots, and the bank selling was contained. all the indexes closed above their MAvgs.
speaking of MA – may be time to buy that one.
Hey RC… I think you’re right here, and you chose a very good “point of interest” spot. This is a bear-rally, but who knows how far we can go. Mac has some interesting charts yesterday… i was looking over them and I was saying to myself, I think we’re gonna have a huge short-cover going into the weekend. Yikes! There’s just one big resistance to clear, and I think you know what I’m talking about. BTW, over the weekend you should take a look at USO’s chart and GLD’s chart, and plot them against the Dow and Naz. That should tell us where to exit and enter.
good job this week! I give a point to the bulls for hanging in there.
Si. I like the short term long in USO. I may pick some up myself, but wanted to see if this momo continues on Monday which would provide a better entry.
I picked up some USO at $92.92, probably should have waited but I dumped half of my BRK.B before earnings and thought USO could be good for a few %. I bought some AAV as well for a medium term trade.