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07-22-2008, 02:34 PM
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#1
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Recycles dryer sheets
Join Date: Jul 2006
Posts: 235
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rally has second leg?
today market is interesting. we are going to have a few weeks good time ahead? I only have 5% cash left, all bot some oil stock today.
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07-22-2008, 02:40 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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I'm not much of a technician or chart watcher, but for those who are, the Russell 2000 has formed a classic double bottom.
But since I don't trade based on the chart, all I have is a murky crystal ball. 
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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07-22-2008, 02:41 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,154
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Surprise! A solid break through overhead resistance at S&P 1260 on decent volume. It may be because oil continues to drop. Who know? These things usually defy reason.
Audrey
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07-22-2008, 02:43 PM
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#4
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Full time employment: Posting here.
Join Date: Feb 2006
Posts: 987
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Too much noise! I'm going back to sleep. Please wake me in 20 years  ...
- Ron
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07-22-2008, 02:44 PM
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#5
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,501
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Gee!! I didn't see that. It should make checking my portfolio fun, when I get around to it later on this afternoon.
Like Ziggy, I don't plan to buy right now because, well, because it's not in my PLAN... 
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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07-22-2008, 02:45 PM
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#6
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Recycles dryer sheets
Join Date: Jul 2006
Posts: 235
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Nearly forget all that fancy tech jargons, but still the rally like a classic bear market rally. Long term, spx is going to 1100 to 1150 at least.
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07-22-2008, 03:16 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 4,366
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I was just barely able to rebalance my energy allocation with +20% gains relative to the portfolio on 6/30. I'm already half way to -20% relative gains and buying more of the energy fund. It adds a little fun to a down market and gives me something to do while "holding".
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