Comments on: Troubled Stocks?

By: Tom Kirby

Tom Kirby — Sat, 24 May 2008 11:36:27 +0000

Hi Chris, I,ve been reading your blog for a month now. Any who, There are two things I don’t understand. 1. In the stock chart JLL you refer to the violation of the 200 MA, but when I look at the top left of the chart I see your plotting a 10 MA & 40 MA. 2. I see you refer to the 50 day MA a lot so why are you using the 40 ma?

Thanx, Tom

By: piranha

piranha — Tue, 07 Aug 2007 12:48:48 +0000

Kris,
You are correct and I don’t buy into the hype yesterday as my latest post explains.

By: Kris

Kris — Tue, 07 Aug 2007 09:00:35 +0000

Interesting rally the market had yesterday – but it makes me think of something Elder says in Trading for a Living, he says that “Mondays are typically the best day in a bear market.”

I’m interested to see what happens over the rest of the week.