Apr 21, 2008 - Issue #107
Bear Market Still?
Bear market still? Not according to the folks at CNBC but check the volume. Not exactly
what one would expect from a bull market bursting with enthusiasm.
Can the market maintain an advance in the face of rising oil? Airlines have already
answered that question in the negative. Are other industries immune? If not, sell the
Is KO poised for a significant decline?
Dow score card for the week ending 4/18/08.
DJ-30: 12849.38 +523.94 +4.25%. The Real World (arithmetical) DJ-30: 52.60 +2.14 +4.25%.
UP: 27, Down: 3.
Trends (weekly charts): This is the subjective part.
Rising (Generally Higher Highs/Higher Lows) 15 (+11) 50%:
+*AIG, +*C, +*CAT, CVX, +*DD, +*HPQ, +*IBM, +*INTC, JNJ, +*MCD, +*MMM, +*MSFT, +*UTX,
Consolidating (Generally Lower Highs/Higher Lows) 13 (-12) 43%:
AA, AXP, -*BA, BAC, DIS, +*GE, GM, HD, JPM, MRK, PFE, T, VZ.
Declining (Generally Lower Highs/Lower Lows) 2 (+1) 7%:
+/- denotes change of direction.
* denotes change of category.
Comments? Ideas? Feedback? Let me have it, right between the eyes! I'd love to hear from you. Just reply to this zine and tell me what you think!