No New Long Positions And Two Stocks I Am Adding To My Existing Positions

July 26, 2007

NOBODY SHOULD BE GOING LONG STOCKS AT THIS STAGE OF THE MARKET. TODAY COULD EITHER BE A TOP OR IT COULD EITHER BE A BOTTOM. THE AMOUNT OF VOLUME ON TODAY’S MOVE IS VERY VERY HUGE. WITH THE BREADTH AND UP TO DOWN VOLUME SO LOPSIDED, IT IS POSSIBLE WE PUT IN A SHORT-TERM BOTTOM. HOWEVER, A LOT OF CHARTS ARE BROKEN AND MOST CHARTS IN MY SCAN DO NOT LOOK THAT GREAT. I HAVE VERY FEW WITH MAX GREEN BOP IN THEM THAT ARE SETTING UP NEW BASES. IT IS TIME TO BE VERY DEFENSIVE AND IF YOU ARE A NEWBIE TO NOT GO LONG STOCKS.

no new long positions

adding to existing speculative CANSLIM/speculative positions:

MFRI

WPZ

Last 5 posts in Free Archives Longs

Posted by Joshua Hayes | Filed Under Free Archives Longs 

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