Only 2 new highs (AVAV and ASEI) and 192 new lows in my universe of 4,000 stocks on Friday. The QQQQ completed its 7th day of the current short term down-trend. The prior QQQQ up-trend lasted only 24 days and did not deliver much of a rise. GMI0123 Only 20% of the Nasdaq 100 stocks have an MACD above its signal line. The T2108 indicator is at 40%, well within a neutral zone. I see no signs of a bottom. In fact, things look pretty much in a solid down trend. I remain mainly in cash.
Congratulations on your new website. Looks clean & simple.
I just got your e-mail containing your link to your blog. It looks great and I hope to more focused on developing an investing strategy then my (blind-folded monkey throwing darts-type strategy). I feel that some of the rules that we learned do not apply in this market, (post oct-08). The big money is pushing it up one day and down, and has little to no real reason behind it; this volitility kills any 7% or 10% stop loss rule, and the next few days your stock could be up 25% as intended and you will have missed out. I also look forward to going to the next IBD meetup, but i feel intimidated because i am a novice. Its great to hear your class is still on-going and wish that you have another great semester.
The website is fine but the font is awfully small. Thanks for all the work.
Great site. Well done.