karennma
8,057 posts
msg #53507
- Ignore karennma |
7/26/2007 11:44:26 AM
13,583 ... down from last' week's 14000!
R U Happy?
When Dana Telsey went on CNBC last week and said 14,000 was a "wake-up" for investors ... I immediately thought, "there they (CNBC) again .. telling investors to get in AT THE TOP!"
roflmao!!
Frankly, I still can't tell a correction from a reveral.
:>(
|
karennma
8,057 posts
msg #53508
- Ignore karennma |
7/26/2007 11:44:45 AM
s/b/ (sp)
reversal.
|
nikoschopen
2,824 posts
msg #53511
- Ignore nikoschopen |
7/26/2007 11:57:38 AM
Karen,
While I'm flattered to see you make threads in my honor (this is the second or third one, I can't remember), I much prefer to stick to the ones I'm actively posting, which happens to be "Challenge".
As for the eternal optimists, I decline to comment but I will say that I've been burned more than once and twice shy when it comes to differentiating a pullback from a reversal. But a good theory to rest ure laurel is that a pullback usually entails a stock or the index to stop cold at either MA(50) or MA(200), usually the former, before continuing its main trend. If these two moving averages are violated, however, it's a sure bet the trend is exhausted and the full-fledged reversal is in the offing.
|