Tuesday, February 23, 2010

Market Analysis And Possible Scenario

One problem i have with this most recent rally is the noticeable weakness in the BIG GUNS: stocks like GOOG, AMZN, AAPL. I also notice that i am seeing a trend of higher than average selling volume days and weaker than average buying volume days. This to me is a concern BUT not a deal breaker for the bulls.

However, if this pattern continues over the next few days, then I will need to readjust the BUYING THE DIP mentality and adopt a more defensive approach. Cannot make any conclusions yet, it's way too early. My best guess is that the Feb 5th lows will hold and we are starting a possible retest of these feb 5th lows or create a higher low in a few days/weeks and that COULD setup a HUGE buying opportunity. Personally, i would love to see some more selling hit the tape and bring in some fear into the market.

1 comment:

Penny Stocks said...

Nice Blog. Keep posting more


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