Posted Thursday, March 12, 2009 @ 11:50 pm by Dr. Wish
T2108 back to neutral; holding AMZN, NFLX
The rally continues, with 7 new highs and 106 new lows in my universe of 4,000 stocks on Thursday. The T2108 is now out of oversold territory, at 21%. The GMI-R is now up to 2 (of 10). The QQQQ completed the 18th day of its short term down-trend. This rally is still occurring within a major long term down-trend. Two stocks that I own are AMZN and NFLX.
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Comments ( 2 )
giuse added these pithy words on Sun, 3-15-09 at 6:04 pmRally continues, but only 7 new highs of 4,000. So, are you really saying that this week’s strong rally reflect long-term confidence in the market, or that people are unwinding of short trades to replace what they shorted?
Dan Bender added these pithy words on Thu, 3-19-09 at 1:52 amFor those of us who use Telechart, would you mind describing your Darvas filter/screen? Thanks.
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