- Wow, this market stinks to the high heavens! We must be getting close to some type of significant bottom, because I am seriously thinking of quitting this business for good. On the other hand, if we do not have a sustained rally real soon, not just another "one day wonder", we could be heading for a crash, as the "parabolic curve" to the downside just gets steeper and steeper.
- Possible bottom in this area for: DDM, ENER, EWJ, FRO, GE
- Trying to bottom out now: DVY, ERIE, IRF, JOSB, LEN, OCR, WOR
- Extremely oversold now: DVY
- Standard oversold: JOSB
- Trying to hold the 28 DMA here: MSCC
- Trying to break above the 28 DMA: GLW and WDC
- Moderately overbought now: GA, NTES, TSM
- A break out in either direction is on the way for: WFR
- Anything posted here may be off base.
Thursday, March 5, 2009
Late afternoon update, March 5, 2009.
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