MarketWatch Sell!
#1
Posted 20 August 2007 - 08:52 AM
"U.S. stocks gain in early trades Monday, extending Friday's big advances"
That's a Sell. Whenever they breathlessly alert you to some trivial move, you can pretty much fade it.
Looks like NAV will make out on his puts. We don't have a turn yet, so I'm not shorting this piglet yet. That's just our discipline.
Mark
Mark S Young
Wall Street Sentiment
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#2
Posted 20 August 2007 - 08:57 AM
#3
Posted 20 August 2007 - 08:59 AM
#4
Posted 20 August 2007 - 09:01 AM
Quotes in the article contradicts the title and say it is time to take profits though:
"While there still may be some upside left to this 'relief' rally, we are more like to move money to the sidelines than buy equities," said Paul Nolte, director of Investments at Hinsdale Associates.
"The book is a long way from being closed to the debt issues in the U.S.," he wrote in a note.
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
#5
Posted 20 August 2007 - 09:06 AM
#6
Posted 20 August 2007 - 09:06 AM
http://stockcharts.com/c-sc/sc?s=$SPX&p=5&yr=0&mn=0&dy=4&i=p83797310860&a=93322579&r=7636.png
#7
Posted 20 August 2007 - 09:22 AM
#8
Posted 20 August 2007 - 10:47 PM