We Cannot Catch a Break
I was on a business trip today. I had to get on a plane, but I was still on the ground to see the Fed announcement and the usual up and down craziness. The market seemed to be moving down nicely, minus over 40 on the Dow.
I got on the plane, flew home, landed, and checked the close on the Dow. Up 6. Jesus Christ.
I'm too depressed to do a post now. Maybe tonight. This is just ridiculous.
4 comments:
Toshi, do not despair. I see the HMO's are in the red a bit.
Daily and Weekly Stochastics on the Dow are pegged at 97. They have been up there awhile - which led me to this site.
Any recommendations for a good Technical Stock Screener? I was looking at:
http://www.zeebob.com/
The functionality looks pretty good, but have a really hard time buying anything from a company named "Zeebob".
Denver, From 11/06/96 to 12/02/96 DJIA RSI(14) stayed above 70 for 18 days with a high of 86.89. There's room above. BUY,BUY,BUY! ;)
I'm buying everything that dips during the day. This strategy has paid off well the last couple weeks. I was bearish but decided that bulls are going to win this battle. Whenever the Dow drops .3-.5 percent during the day you know that it is time to load the boat because the markets always close in the green. Man i love the market, kind of feels like the late 90's all over again. Keep up the great blog.
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