Comments on: The Selling Continues With Stock Market Indexes Closing Near Their LOD; Charts Can Definitely Make A Difference! http://www.bigwavetrading.net/the-selling-continues-with-stock-market-indexes-closing-near-their-lod-charts-can-definitely-make-a-differnce/ Free stock market trading commentary by Joshua Hayes Sat, 24 Jul 2010 23:18:27 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: MauiTrader http://www.bigwavetrading.net/the-selling-continues-with-stock-market-indexes-closing-near-their-lod-charts-can-definitely-make-a-differnce/comment-page-1/#comment-260 MauiTrader Mon, 17 Dec 2007 08:26:25 +0000 http://www.bigwavetrading.com/2007/12/15/the-selling-continues-with-stock-market-indexes-closing-near-their-lod-charts-can-definitely-make-a-differnce/#comment-260 Some stuff I want to add: Something else that proves to me that this market is very weak is that the new highs continue to get crushed by new lows. There were 63 new 52-week highs to 367 new lows. This despite a market that is in a "confirmed rally." There were also 4-to-1 decliners to advancers on the NYSE, which shows that despite the market not being extremely weak, the action underneath is very weak. Also one other sentiment survey I saw this week shows you that there are a lot of bulls not only in the investors intelligence survey but also in the Ticker Sense Blogger poll where 52% are bulls compared to 24% who are bearish. So there is yet more proof that more people are bullish than bearish in most investment circles. One last thing, thanks to everyone who played in our 2nd Annual Fantasy Football. It is almost over and next week brings the title game of Todd (TexasSizedGains) vs. GhettoSuperstars. If you had fun in that, or you missed out, don't worry 'college football pick-em' is about to start. To sign up go to Yahoo and enter this info: Group ID#: 31301 Password: stocks I HOPE TO SEE YOU THERE!!! ALOHA! Some stuff I want to add:

Something else that proves to me that this market is very weak is that the new highs continue to get crushed by new lows. There were 63 new 52-week highs to 367 new lows. This despite a market that is in a “confirmed rally.”

There were also 4-to-1 decliners to advancers on the NYSE, which shows that despite the market not being extremely weak, the action underneath is very weak.

Also one other sentiment survey I saw this week shows you that there are a lot of bulls not only in the investors intelligence survey but also in the Ticker Sense Blogger poll where 52% are bulls compared to 24% who are bearish. So there is yet more proof that more people are bullish than bearish in most investment circles.

One last thing, thanks to everyone who played in our 2nd Annual Fantasy Football. It is almost over and next week brings the title game of Todd (TexasSizedGains) vs. GhettoSuperstars. If you had fun in that, or you missed out, don’t worry ‘college football pick-em’ is about to start. To sign up go to Yahoo and enter this info:

Group ID#: 31301
Password: stocks

I HOPE TO SEE YOU THERE!!! ALOHA!

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