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S&P 500
5,615.35
(
0.55%
)
US TECH 100
19,880.00
(
0.44%
)
Dow Jones
40,000.90
(
0.62%
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Brent Oil
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(
-0.12%
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Sam "Raven"

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Sam "Raven"

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Wednesday, 08/06/2003 1:06:02 AM

Wednesday, August 06, 2003 1:06:02 AM

Post# of 928
Three alerts today, all turnaround stocks; CYTC, DRL, FRE and WFMI.

With the SSRatio moving down, and the VIX (volatility index) moving up, it doesn't appear that the end of this correction is anytime soon. But, after the beating the market took yesterday, shorts might be a little too much risk for now. The SSRatio lost 0.11 to -0.61 favoring Selling, the estimate of market risk remains High. We remain in "lite mode." Note that we have a position in PKTR, in the watchlist below.

Sam

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