Posted Thursday, July 9, 2009 @ 7:21 am by Dr. Wish

Indicators very weak, mainly in cash

GMI

1/6

GMI-R

1/10

What is the GMI?
 

WORDEN T2108

27%

With the GMI and GMI-R back to 1, I remain mainly in cash. I am a chicken, and prefer to wait out times like this.  The T2108 is at 27% still not at the depths where meaningful turns come.  The key to success in the market is to lose little during the bad times.

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Comments ( 2 )

Too bad you are not making money with Allegiant airlines (ALGT). I am…with my entry at $34.65!

joseph added these pithy words on Fri, 7-10-09 at 8:37 pm

That theory of buying when stocks make a year high is flawed. I’ve been buying at bottoms. Stock ALGT still climbing….my entry was 34.65 and my stop loss is now moved at 38. It’s impossible you can not see this stock going up!!

joseph added these pithy words on Tue, 7-14-09 at 12:26 am

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