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S&P 500
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1.26%
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2.17%
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Sam "Raven"

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Sam "Raven"

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Re: None

Monday, 09/15/2003 12:39:49 AM

Monday, September 15, 2003 12:39:49 AM

Post# of 928
Another two turnaround stocks alerted Friday, DHI and UTSI. FCX alerted a breakout at the close, it re-screened for Monday.

The SSRatio dropped so close to the zero line that it shifted the market risk. Dropping 0.32 to +0.08 favoring selling, the estimate of market risk rises to HIGH. The falling momentum was so powerful that it pulled the Ratio under despite a relatively positive day on Friday. I think another day of caution is advised, just to see how this plays out. The direction movement of the Ratio has done a good job of the markets short term move so I'm shy about second guessing it.

Sam
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