This is pretty good. I first saw it on K.D's site - http://www.market-ticker.org/
There is no way to embed the link so click here and you can watch it - about 2 minutes of your life for a chuckle - if it were funny.
http://www.abc.net.au/news/video/2010/05/20/2905304.htm
Have a great weekend. Nice rally at the end of the day - who would have seen that coming?
GOATMUG
Friday, May 21, 2010
TO EVERYTHING TURN, TURN, TURN
More info to substantiate that we should look for a move higher. The number of stocks trading above their 40 day moving average has dropped significantly and since this is a contrarian indicator we should take notice and look for a rebound.
As usual I've documented the source of this chart and am posting with permission. I don't use the premium version of the site personally, but if someone does, shoot me a comment and let me know how it works. In particular we are looking at the chart at the bottom in green that is showing a move that would indicate this is overdone.
GOATMUG
Subscribe to:
Posts (Atom)
Posts
