Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Friday, August 29, 2008

The screen

So, I feel like I have a good handle on it.

they are listed in the list indexed based on their move relative to their index.

The ones at the top are moving faster than the index, at the bottom slower than the index.

point is, the Long's in the top 10% of the list, are possibly.... POSIBLY topping. The shorts at the bottom are Probably Bottoming. Now, the shorts at the TOP of the list, are good healthy profitable shorts, the higher the better. The Longs at the bottom of the list, are baseing and are moving higher. In the middle are the ones trying to Break out, and are going or are about to go parabolic.

So yesterdays list had grocers on the bottom, it's probable that the grocers are bottoming.

At the top are The homies, and well the High momentum financials that are getting a Little high for comfort... but sometimes things can lead for quite some time.

No comments:

New Economic Indicators and Releases

What does Blue Horse shoe love?- Blog search of "BHL"

cnbc