Sun, Dec 28, 2014, 7:21 AM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

BlackBerry Limited Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • stock100us stock100us Aug 19, 2007 12:36 PM Flag

    ** Foreign Market s Link: FYI only

    Meisels & Tippins: Use Rallies to Move to Cash
    Posted on Aug 18th, 2007

    Larry MacDonald submits: Stock market indexes have been below their 200-day moving averages for several days now, a bearish sign for many technical analysts. The S&P/TSX Composite index closed yesterday at 13,048.76, down 11% from the peak in mid-July and 3% below its 200-day moving average; the S&P 500 shows similar declines.

    The indexes have been down to their 200-day moving averages several times during the current bull market, but each time managed to rally back strongly. So far, a rally is nowhere to be seen. But in their latest Phases & Cycle investment newsletter, Ron Meisels and David Tippins call for "a concerted rally attempt by the oversold S&P 500 � likely from a point somewhere in the low 1400s."

    However, they add, "there is substantial overhead resistance in the high 1400s/low 1500s, and this will prove worrisome for the bulls." Their advice: don�t join any market rallies just yet. In fact, use them to move into cash.

    But as of their last missive, they haven't given up on the bull market: "For the long-term it is far too early to declare this longstanding bull market 'dead, since [their italics] the long-term [200-day] moving averages for the major market indices still point upwards ... " Look for another upleg to begin "when the leaves fall," conclude Meisels and Tippins.

 
BBRY
10.90+0.23(+2.20%)Dec 26 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
CTC Media, Inc
NASDAQFri, Dec 26, 2014 4:00 PM EST