NAVIGATION:
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"The Sunny Side of the Street" |
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WEDNESDAY NIGHT--12/25/2002 |
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I would expect similar low volume, range trading for the
next few days, until we get past the holidays. Of course, this is
assuming no bad or exceptionally good news which would put a bleep into
the currently bleepless charts.
Both in Figure 1 and in Figure 2 you can see that Tuesday's trading activity hardly shows up on the charts. Small activity like Tuesday's is probably what we will see until January 6. TRADERS: My intraday model did not move from a buy to a sell on Tuesday, probably because of the slow rounding of the formation. But, it is very, very close to a sell signal, and if we move down first on Thursday morning it will probably go into a sell signal. INVESTORS: My daily model has moved into a sell signal, which as investors just means stand aside and wait. I only go long stocks, and do not short them because of margin requirements and the up-tick rule. So when my model moves into sell, I simply exit my long term positions. I'LL MAKE YOU ANOTHER OFFER. Send a friend my way for one of the upcoming seminars, and I'll give you $250 cash. Take your loved on to a nice dinner out on me. So, be nimble, be quick and be ready to exit questionable trades, take small losses and capture profits when you can. This next few weeks should be pretty much zig and then zag. |
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Weekly Stock Picks for the week beginning 12/15/2002:(Last week's picks made a profit of $0. Click Here to view the picks for last week, in the Archives.) 12/17/2002 -- We are getting really close to some of the breakout lines, so keep watching. NSOL did break the line today, so the model is now long NSOL.
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