Most oversold condition relative to price

http://www.sentiment...LLRATIO_4WK.htm

Kind of incredible when you think the NYSE correction off its 2007 high is a mere 11%. That's off an all time high, not some multi year bear market decline.

I'm keeping my head down and continue to shop for dividend paying stocks.




cheers,

john

Edited by SilentOne, 13 January 2008 - 07:26 PM.

NRO is the only long term stock related thing I own. It's an ETF for those who don't know it. I don't mind if it goes down. I am reinvesting the dividend which is $0.153 p/s every month and want to pick up the cheaper and cheaper shares. As the types of commerical RE they are into are not retail oriented properties, they will come back well in terms of the underlying share price in a year or so, I estimate. I assume you already know of the it SilentOne. It might actually have been you that turned me on to it in November. Someone on the board brought it up. After I looked into it I saw it's long term value and it's current dividend strategy value. I know OEXCHAOS has some too.

I haven't been actively looking but, I'm always open to other suggestions regarding good dividend paying stocks or ETF's if you have any now or in the future SilentOne.

Edited by milbank, 13 January 2008 - 07:40 PM.

Cheif....It's like a balloon underwater, ya just can't keep a good mkt down! But its not a good mkt( fundamentals or technicals) and the balloon might burst under the pressure instead of returning to surface. We also know for sure that the feds will cut 50 basis pts..no surprise there and in 2001 as they cut we went down. SPX 1360 to 1370 will be fought and defended but at some pt must fail.

Cheif....It's like a balloon underwater, ya just can't keep a good mkt down! But its not a good mkt( fundamentals or technicals) and the balloon might burst under the pressure instead of returning to surface. We also know for sure that the feds will cut 50 basis pts..no surprise there and in 2001 as they cut we went down. SPX 1360 to 1370 will be fought and defended but at some pt must fail.

>We also know for sure that the feds will cut 50 basis pts<.....have you ever once heard me talk about the fed......??????....the fed has absolutely nothing to do with the stock market........the stock market has everthing to do with the fed......

Cheif....It's like a balloon underwater, ya just can't keep a good mkt down! But its not a good mkt( fundamentals or technicals) and the balloon might burst under the pressure instead of returning to surface. We also know for sure that the feds will cut 50 basis pts..no surprise there and in 2001 as they cut we went down. SPX 1360 to 1370 will be fought and defended but at some pt must fail.

>We also know for sure that the feds will cut 50 basis pts<.....have you ever once heard me talk about the fed......??????....the fed has absolutely nothing to do with the stock market........the stock market has everthing to do with the fed......

I've only known you to be bullish..and rightly so....for thirty years!

Cheif....It's like a balloon underwater, ya just can't keep a good mkt down! But its not a good mkt( fundamentals or technicals) and the balloon might burst under the pressure instead of returning to surface. We also know for sure that the feds will cut 50 basis pts..no surprise there and in 2001 as they cut we went down. SPX 1360 to 1370 will be fought and defended but at some pt must fail.

>We also know for sure that the feds will cut 50 basis pts<.....have you ever once heard me talk about the fed......??????....the fed has absolutely nothing to do with the stock market........the stock market has everthing to do with the fed......

I've only known you to be bullish..and rightly so....for thirty years!

n hoo r u???.....av we met?

n hoo r u???.....av we met?

Dat's Johnny Depp. Or Rasputin.

Edited by beta, 13 January 2008 - 10:19 PM.

No it's not. It's either Che or .. an old picture of my friend Manny.

Edited by milbank, 13 January 2008 - 10:38 PM.

No it's not. It's either Che or ..

an old picture of my friend Manny.

Manny Ramirez ? Go $SOX !


http://stockcharts.com/c-sc/sc?s=$SOX&p=W&yr=7&mn=0&dy=0&i=p33279955067&a=40986427&r=6033.png


And in further support of Cheif's point, here's the monthly: some --but not all-- indicators are at extremes not seen since mid-03; the wave structure looks like a 1-2-1-2 series developing:

http://stockcharts.com/c-sc/sc?s=$SOX&p=M&yr=10&mn=0&dy=0&i=p48597683146&a=40986427&r=3346.png


(sorry: when I edited the post to add the monthly chart, the monthly annotations got zapped. Cant figure out how to put them back, but the point is to show bullish divergences).

Edited by beta, 13 January 2008 - 11:06 PM.