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My list of rallying large cap stocks growing sales at 9% per year or better are all moving higher today on notably lower volume. http://screencast.com/t/Ru83zEYJ
Hi Abe... even the cup base shaping up appears flawed in GILD ... based on the IBD/MS system, I have been struggling with the "temptation" of getting long some of the better IBD50s, as the NASDAQ keeps drifting upward. To the contrary, I have even taken a long position in the QID a few days ago (feeling the pain).
This "market in correction" has got me puzzled.
If we have an FTD in the near term I will have to reverse my bias quickly.
CASH is a position!
Any words of wisdom from somebody more experienced at this than me?
Regards,
Bobby
looks like it's here!