Wednesday, October 17, 2007

BANKS ARE HOT, just not right now..

10/17 RKH WILL GET BACK TO 200 DAY = 154/155, TROUBLE IS BUYING AT 141 LOOKS GOOD, OR 138 LOOKS BETTER
I see 138 (50/50) and that's the market bottom, and the beginning of the xmas rally



ZION ill wait for 61 / 62 before buying ZION, short term sell target is 68


ABK, I THINK THE SUPPORT IS $58, IF NOT THEN USE $53, BUT WILL GO BACK TO $70


10-17 BAC, I SEE 48.6 IM IN = STRONG 50 DAY, EXTREMELY BULLISH BUY SIGNAL, but before you try, check off on RSI, make sure RSI is around 30.99
and coincidentally, the day this is a buy, is the day the market has bottomed, more than likely

XLE, i still beleive XLE will turn into a falling knife, i just don't know when...so instead of trying to short XLE, I'll just wait till it's in BUY position again..

2 comments:

  1. zee,

    you don;t think todays low on s&p at around 1526 could have been the bottom?thnx

    roger

    ReplyDelete
  2. today sure seemed like we are pretty close to the low
    zee
    i'm actually finding some good BUY signals...and bottom fishing might start to work, now...(IIIN, NTRI)

    ReplyDelete

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