The funny thing is, yesterday we got two bad numbers for macro economics, but the market soared. Wall Street's twisted mind said the bad numbers give Fed more reasons for a rate cut. I don't hold my breath for that, but if you read my blog before, you knew that smart money was right again.
Consider the fact that we are up for a few days, all the gaps on the volatility index (fear index, $VIX) are filled right now.
Institutions have not participated in the rally, they probably have other plan. Last a few days can be a short covering thing. NFI turn out to be a bad idea, poor fundamental stocks should be shorted. My apology. I should stick with my computer models and engine results from now on.
In terms of blog traffic, yesterday was a best day ever,we had 76 visitors from 7 countries, Belgium and Ireland were new. Most of you came from US and Cananda:
I am excited as usual, so if you believe the rally has some leg, you can buy
PPL
Otherwise, you may choose to short the following:
JRC
RYI
ARP
Enjoy your day,
Swimmer
Wednesday, September 5, 2007
Alternative Plan
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2 comments:
thanks again swim-watching not really diving in-check out-IFCI-tell me what you think i see market manipulation for a stock that is over extended and ready for a correction-i could be wrong-thats at least what the 10 week chart-60 min interval shows-market should be lowere than it is-do you think the specialists/MM are given orders by the brokerage houses on how to run a stock for each day?-cause sometimes stocks do completely different things than what the charts and fundementals say the stock should do-i saw somthing yesterday i will post the link
http://www.businessjive.com/
ICFI is a pretty good momentum stock, just a little overbought. Try to find a better entry point to get in.
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