What Has Changed? Nothing
March 18, 2008
Do I have a few nice longs in my scans? Yes. But these longs are of stocks that I am already long and even though it is really nice to be able to add to some winners that you are long, I am still wondering where the perfect charts are? Oh well. I am long 49 great stocks and they all had a great day today including two that DEFINITELY needed to be added to.
But where is the volume on this huge move? Didn’t we just go through this seven days ago. This is so silly and remember those that brag that they caught this bottom are doing so after missing the other 6 bottoms that they called. So a little bit of perspective is in order.
The biggest issue is volume. How can you be up 4% on the Nassy and have volume below the 50 day volume average? I’ll tell you how. You create a massive bear market short-covering rally. That is what we got.
Related posts:
Comments
1 Comment »
Can’t agree more…past 9 trading days we have barely moved anywhere.