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September 15 Activity

September 16, 2008
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Shortened version:

Well…… we still have our lone stock. It didn’t move down a whole lot and is above the 30 day moving average.

The SPX market forecast surprisingly, to me anyway, does not show a bullish cluster. The intermediate line is just about to enter the lower reversal zone. The near-term line is in the middle, on it’s way down. The momentum line is pointing way down in the lower reversal zone. So it doesn’t look much like a bounce in the works… but then again, who knows. The dow futures are down another 130 points here a little after midnight, though.

MACD and stochastics are pointed down. The price broke the support from mid-July really solidly.

I don’t need to spell out what happened! You all saw it. So I’m not purchasing any stocks for our portfolio today. No kidding.

What will the fed do????

Kathy P

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