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I've been thinking the healthcare sector would be the "place to be" in the future. What with demographic trends, do you think drugs/hmo's/hospitals will suffer the same fate as the overall market?
Gizmo
The market was certainly "jittery" pre July 4th.
Violating the lows of the last 7 years is going to be a tragedy for the retirement accounts of millions. If this ends as you say, I need to rethink my long term strategy. Whoever has the most capital intact at the end of the secular bear wins. By the way I am tending to agree with your prognosis. We probably will have to wipe out the entire ramp from 95 before the market can move on.
Gizmo
Is the 13th still the top? eom
Health Care outperformed Financials for the week by 8%. These two funds are diversified in their respective sectors. Fidelity Select H/C and select Financial Services. http://stockcharts.com/webcgi/perf.html?fsphx,fidsx
Sounds like their underwater chips/financials. eom
Apples to apples, it would appear, this is a buying opportunity.
Fed Valuation Model
Anyone know it's current status or have a link to same? Here's a link to one model although I don't know if it's the Fed model. http://pw1.netcom.com/~claudb/Valuation.gif. The link is from Claud's Chart Page which was updated today http://pw1.netcom.com/~claudb/
Gizmo
My God Augie! I think you're right. LOL
When the eventual rally does come there won't be a comfortable spot to enter. Futures traders will probably gap it up and some will be waiting for a pullback that never materializes.
Gizmo
You can't sell the rally if you don't buy the dip somewhere. The "somewhere" is obviously the key.
Gizmo
"Too many people are talking about Monday and Tuesday being disastrous, kind of assuring that that will not happen (g)." [Zeev]
Across the internet many (too many IMO) are predicting the typical Sept./Oct bottom and waiting to buy it. The market would confound the most by bottoming next week and rallying through that period while they were sitting on their hands.
Gizmo
Re:VTSS I like it enough that I got a couple thousand shares AH @ 2.56. If the downdaft continues it could go lower though, but should bounce nicely when the capitulation is finished.
Gizmo
Zeev, do you see the Naz green today?
Shouldn't weak dollar turn trade gap around? eom
Thanks Zeev, missed that post. eom
jrintl. Yes, we're talking about the same thing. Your opinion makes sense to me. Been reading lot's of comments regarding the break, all negative, and want to investigate. Any other comments or info would be helpful. Anyone?
Gizmo
Got AAPL @ 15.50. Do you have a target in mind for this rally? Looking at the chart I see potential to 17, 18.50, and 20. Only keeping this one for a trade until the next leg down.
Gizmo
LG, do you believe head and shoulder patterns are reliable? What I'm getting to is my concern over the spx breaking down below it's neckline. If so how do I figure what the potential damage is? Also, do you think the neckline will provide resistance on this rally? Any help offered is appreciated.
Gizmo
Steve Lee, there's a simple solution if you feel this way, read only the posts you want.
Gizmo
At 76 I would hope that I were in CD's and didn't have to worry about the market, world events, etc. JMO
Gizmo
Zeev, do you have any advice for 401k accounts?
International funds? Bond funds? Money Market? These accounts can't be traded like my Brokerage account but I don't want to sit in money market forever if I have a reasonable chance of a positive return.
Gizmo
"short smh @ 30"
Grateful to have sold at 29.95.
Gizmo
Escaped with 3-4% profits. My buys were too early on this run and glad to be 100% cash for weekend. I don't see 1526 happening here. Thanks for your efforts here Zeev.
Gizmo
We got the gap fill...now I'm not so sure I want it <g>
Bought SMH 29.12 and VTSS 2.59. 65% cash. I thought we had a higher low set between 12 and 1, now it looks like I was early. How much pain (points) would you endure on tomorrows Naz in anticipation of a rally?
Gizmo
Unbelievable volume of posts. Plenty of substance to be found here.
Gizmo
Filling the gap to 1380 and gathering support there would IMO strenghthen this move considerably. Presently, the move doesn't have any kind of foundation and appears to be a countertrend spike.
Gizmo
Zeev, about subscription. I'm considering paying for the premium service but will not do so unless you decide to make this the "turnips" primary home. Could you post your intentions when known? This site is quicker and easier to read IMO.
With Naz at 1448 risk/reward doesn't favor the longside for anyone except those that can watch the market intraday. I'll be sitting out NazRamp and waiting to short the top.
Gizmo
Zeev, another SI lurker that has not had the opportunity to thank you for your generosity in sharing your work. Without your calls on market direction I would be immensly poorer. Thank You.
Gizmo