We got a very nice bear market rally over the last couple of days and if I wasnt still locked up I'd have made a couple bucks on it. At this point though I'd be taking most of the profits off. There are some stocks out there that have held up very well, names like AZO, ORLY, NFLX etc which are worth being on your radar. If the market strength continues they stand a good chance of being strong leaders..but keep in mind there have been nine "confirmed" follow through days so far during this bear market (IBD term) and all of them have failed. So far this bear market has been classic and you should still be using a lot of caution. Brandon
isn't paper trading wonderful? one gets such wholesome returns of conjecture from such a trifling investment of RISK.
I just felt this was the time for me to bump this thread!! (Partly so i can feel smug ofcourse) lol But i just wanted to remind people of what i advised them to do, and to show what the local idiots like rennick were saying! lol Hopefully a few people did make money from this?? Welldone Surfer btw mate, im not sure exactly about any other calls you have made about the dow bottom, so i cant comment on that. I personally dont try 'calling tops n bottoms', instead simply specialise in trading reversals. But welldone on this trade mate if you held it for more than a few days.
The target of 7777 cash djia is very near. suggest GOING FLAT NOW. awaiting next signal. see surf report. surf