Future are giving lot of confidence to bulls that support for this market is @ hand......
Friday was predictable as black cat day as it was month end........
Volume was very light on Friday ????
Friday was more of hedgies day playing with market and scaring "many"in the process.....
Even in bear market tape there IS support & resistance......get used to it !!!
We are definitely in "support zone NOW"
As I have repeatedly said buy strong stocks on sale...near support & book profit near resistance..
We ARE seeing a sloping higher market...which may NOT be obvious to many but with coming move...market will make another higher high and also higher low in next run.....I hope !!!
Oh.....about LDK even with a helping hand from Barron's it is down in the 50 cents area...as I noted in my reply to a comment..LDK IS IN strong retail hands....they are NOT sellers anymore...
I am also seeing buy ratio on LDK even in 6k volume......Bill Alpert has to try to come up with some NEW & IMPROVED dirt to make any impact...He is digging the same old crap from last October....he must believe that retail are retards to pay attention to his agenda......
As I also said yesterday...I am expecting a very green close for LDK today.....how is that Mr Alpert.....Because it just doesn't FIT !!!!!
Good luck on a much calmer day today !!!!!
BLOG does NOT give buy or sell.
Saleem
9 comments:
Saleem,
In regards to you blog this morning....who is Bill Alpert?
Bruce
Hi Bruce,
Bill Alpert is one of the editor of Barron's who wrote a "hatchet article on LDK over the weekend"
Saleem
Sallem,
Do you still hold COIN? Based on today's activity so far...I hope you do. Why do you think it has shown the amount of strength it has?
Hi Bruce,
COIN...I am holding and very pleased with it....
COIN if you read my friday TA reading...it was poised for breakout and it DID...target is $15.79.....
Saleem
Bruce,
If you are looking @ buying stocks...i suggest TKC, COIN,LDK...but be comfortable with your decision.
Saleem
Still reeling and comfort level is not where I feel I need to be to venture out and start buying stocks again... but I thank you for the moral and other support given to me since I started conversing with you.
Bruce
Hi Bruce,
You are most welcome anytime.
If you are keeping a watchlist include NVDA,AGU in that also.
Saleem
SALEEM
Good morning to you
2 stocks that are taking about are taking it on the chin today CMED and LDK.........
But the whole market is red and down, so we can not see what is really hapening to our 2 stocks.
Thanks for being here to talk with during these uncertain times and for your updates on what is happening!
CSIQ seems stromg to me !!!
Have a great day and again thanks for posting about CEMD and LDK
Madmax
Hi Madmax,
It is always important to be in many stocks...so you avoid being taken to the cleaners.....an OLD rule which IS ALWAYS the-best lesson.
I think CMED will find support today...as selling will dry up.
Saleem
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