Sunday, January 31, 2010

"Stock Market Is Overbought"

As I pointed out in my last blog: "I think we need to be on the lookout for a double dip in the charts."

That was two months ago. Now review this chart: http://chart.finance.yahoo.com/c/3m/_/_dji

Technically, fundamentally, and generally all stock analysts agree that most stocks will follow what the major indices are doing. Their advice would be not to go against this trend.

Simply looking at the trading volume and the price direction of the day of the Dow Jones index from this three month chart is telling me Sell.

Notice that: 1. Trading volume increases on downward price moves.
2. Trading volume decreases on upward price moves.

This means Sell your positions.

I predicted a "W" pattern in the DJ chart and still predict a "W".

At the end of this next dip it will be time to Buy.

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posted by Fred at 2:13 PM

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The Baby Boomers Life

Since you first-born boomers are turning sixty-three and reaching early retirement eligibility in 2009, you're probably contemplating options.

One of those options might be "Do I stay where I'm at?" or "If I move, where do I move to?" Before you decide, how about taking a look at the Best Places to Retire section?

As a Boomer, it's in your nature to be health conscious and it's also important to be at your best at all times, therefore we created the Health section.

Naturally, the "Can-Do" Generation needs a section for enhancing one's own worth so we added the Money section.

And We're going to want to travel...because we can. Find some great places to vacation and travel advice in the Travel section.

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