Posted on 06/03/2012 5:35:43 PM PDT by John W
Mondays trading will be the first opportunity stock investors in the U.S. will have to act on a major technical violation that occurred at Fridays close: The breaking of the 200-day moving average.
This could result in an avalanche of sell signals hitting the market at Mondays open, since many technical analysts use the 200-day moving average as the dividing line between bull and bear markets. They consider the primary trend to be up so long as the market is trading above its 200-day moving average, and that this trend turns to bearish whenever the market closes below this averageand that is what happened at Fridays close.
(Excerpt) Read more at blogs.marketwatch.com ...
it wont be the retail bargain hunters steeping in...it will be the PPT......same as they always do.....all the volume is created by the banks now...it’s a fixed market under the guise of National Security...Do your own DD...
http://socioecohistory.wordpress.com/2009/08/27/manipulated-stock-market-watch-the-last-30-minutes-of-trading/
Well, I’ll be watching. I have a watch list and a target price, and if the price hits my target I buy.
Thanks John W.
LSE closed tomorrow?
yitbos
I also have a modest longer term account and would be interested in what u plan to buy and at what price...I'm currently interested in adding PG for longer term
yitbos
yitbos
Most will maintain their belief that paper is the only real money as they are burning stacks of it in a 55 gallon drum to stay warm. You want to read something really stupid from FT Alphaville? I mean Bam Margera, Johnny Knoxville stupid.
He is unique among pundits, and he is self-employed.
Since the 1980’s he has subscribed to every investment newsletter in America that has published for at least 5 years.
His theory is that self-employed advisers who can make a living for 5 years recommending stocks are the best of breed.
He has built up an amazing statistical database on stocks recommended by several hundred newsletters.
He rarely gives direct advice like “buy this” or “sell that.”
He usually gives general advice - like tonight.
What he is saying is that a large majority of the advisers he analyzes feel VERY strongly about a break below the 200 moving day.
I would be perfectly content with an income stream of around 4%-4.5% and not much risk. My major goal is asset preservation with some income and as little risk as is possible to reach this goal.
Anyone else please feel free to make suggestions as well.
having said that....over many years...my insurance has out performed my portfolio, percentage and value wise
thank you
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