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Stock Market Commentary

September 8th, 2009

REPEAT from Friday’s (SEP-4-09) report: Most stocks are probably not going to rebound to higher highs and we are looking at a few stocks to move to new highs.

It is best to monitor the market closely with your long positions because one of these times, the buy on the dip pattern will stop working and that spike down we had 2 days ago (Tues, Sep 1st) could very well mean an intermediate top is in and a downtrend could be starting but it is a little premature to tell that but that is my hunch at the moment.

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  1. November 11th, 2009 at 10:56 | #1

    pattern will stop working and that spike down we had 2 days ago (Tues, Sep 1st) could very well mean an intermediate top is in and a downtrend could be starting but it is a little premature to tell that but that is my hunch at the moment.

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