Comments on: Up-trend continues; But T2108 near peak; 25 stocks at all-time highs

By: Ewish

Ewish — Thu, 30 Jul 2009 16:54:07 +0000

I love the IPhone app idea! I will ask my son and webmaster to look into it. I have been updating the blog mainly over the weekend for Monday. When my class starts next spring I will likely go back to daily. Better to just check it regularly to see if I have posted.

By: Shawn M

Shawn M — Thu, 30 Jul 2009 14:57:26 +0000

Haha, the iphone app is a cool idea. Is there any way to make the email updates go out faster? I get them sometimes a day or more after the post is online.

By: anony

anony — Thu, 30 Jul 2009 14:04:53 +0000

have you ever thought of making an iphone app? with just an updated gmi/gmir/t2108 and may be a list of stocks at an all time high/52 week high ?

By: telzinga

telzinga — Tue, 28 Jul 2009 04:49:55 +0000

I have to agree the trend is up and stronger than I expected. 91 new highs on the NASDAQ today. I guess we are all nervous including myself that it will break down in the matter of days/hours and break down hard. At this point, I am very concerned about 41 on the QQQQ. I see this as resistance based upon a low prior to the meltdown on 3/21/08. I am also concerned about the trend line that starts back in 2000 and touches the top at 11/2007 & again in 6/2008. For over a decade we cannot get past that line and that line intersects at 41. I also think 41 is a nice intersection with the top of the channel that we have been riding up since march. I certainly cannot predict a turn although I know it will happen eventually but the probability that it could happen at 40 – 41 is higher to me. Which means I either step aside and sell and wait for 41 to pass or tighten my stops just under 40. This site is very good at identifying when the trend has turned and underway so a trader/investor can move in the right direction but is only able to identify the turn after the fact. It is not a criticism just a realistic fact and presents a very good trading/investing style.