Friday, January 23, 2009

I Got Fooled

Looks like the market isn't as whooped as I thought. A good recovery is underway, and most picks are faring well. I think we will swing positive before the day is over. Looks like a good positioning day after all. If you are on the sidelines, you might want to look at an entry at this point. Let's hope this is sustainable throughout the day.

Have a good one,
Roger

2 comments:

  1. Morning Roger,
    I looked at the 5 picks for this morning the 27th. The only one that I could see that passed the stochastic test was CAT. However the news on this stock is bad with layoffs, downgrades, etc. so I passed on this one. It's up today so far but it's just got too many negatives. Cya,
    Jerry

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  2. @Jerry
    Any negative news on CAT has already been factored in to the pricing. It will have a strong run up.

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