You definitely have a lot of information on those charts Steveo… If I'm reading it right, it's a little bullish, but not being supported by the volume?
I'm not giving too much credit to anything that happens during this extremely light volume holiday season. But, like you said, that's the best time to pull a big surprise move in the market. I'm just not willing to take that chance, and go short. I've been burned too many times lately.
My main focus is on the stock market, but I've been distracted a little this weekend. It's good timing, as the stock market still seems stuck in no man's land. I don't see anything meaningful happening until next year.
keep up the posts on the topics you wish to discuss but please if you can continue the stock section as well. I enjoy your blog and have a great vacation.
Yeah, its kind of bullish. However, the downside risk is severe, and upside return is minimal IMHO. Friends don't let friend go long at this point.
You definitely have a lot of information on those charts Steveo… If I'm reading it right, it's a little bullish, but not being supported by the volume?
I'm not giving too much credit to anything that happens during this extremely light volume holiday season. But, like you said, that's the best time to pull a big surprise move in the market. I'm just not willing to take that chance, and go short. I've been burned too many times lately.
Red, nice pix and Merry Xmas.
I re-did the Chart of Charts…and other rants. I could only stop ranting for 2 days.
http://oahutrading.blogspot.com/2009/12/if-you-…
Ditto Red, that's pretty hot.
Merry Christmas to you too jzzz….
Merry Christmas to you too jzzz….
Very nice Red 🙂
Merry Christmas Red. Wishing you and family a happy healthy 2010!
My main focus is on the stock market, but I've been distracted a little this weekend. It's good timing, as the stock market still seems stuck in no man's land. I don't see anything meaningful happening until next year.
keep up the posts on the topics you wish to discuss but please if you can continue the stock section as well. I enjoy your blog and have a great vacation.
Take care
Joe