Posted by 31 August 2004

A Shakeout

It sure seemed like the market was going to collapse under its own weight this morning but buyers stepped up around 2:00 to push the indices back into the green. Volume picked up on the upswing, so the bulls should be happy about that. According to Briefing.com the buying was due to “short-covering, buying ahead [...]

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Posted by 31 August 2004

50,000 Visits

I just realized that some time yesterday I crossed the 50,000 visits (as defined by SiteMeter.com) threshold on this site. When I started this blogging back in April 2003 I never imagined I’d have as much traffic as I get now. Currently I’m averaging 300 visits per day and 660 page views per day. It [...]

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Posted by 31 August 2004

Watchlist for August 31, 2004

Another low volume affair yesterday. The selling has created stochastic sell signals on the major indices on my charts. It’s tough for me to get motivated to do much given the low volume, so I continue to just sit on my current positions. Currently holding:

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Posted by 30 August 2004

Watchlist for August 30, 2004

Once again my list is dominated by shorts… Currently holding:

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Posted by 29 August 2004

Pump up the Volume

The indices moved very little the last couple of trading days, on low volume, so my outlook is still pretty much the same as it was in the middle of last week. The S&P 500 is acting like it wants to go tag its upper Bollinger Band and that could happen pretty quickly. But I [...]

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