Long Term Investment, Biotech & High Yield Dividend Stocks

[wow_happens28]

Food for thought? Big huge gains on little stocks often bean the end of a rally?
I post the following on another board I do>>>>>

Candle index turned negative

Keep in mind two things. In the middle of this 13 week rally, this candle index turned bearish for a week and the averages kept going up. Second, On March 9th, the NASDAQ lost 25 points and the candle index went very bullish from very bearish. March 9th was the bottom. Today the NASDAQ was up and the index went negative. So, we will have to see what happens. One thing very suspicious today was that the AMEX and NASDAQ advance decline ratio was 2109/1338 or 61% advances. The up volume swamped down volume by 4 to 1. That is a lot of volume on probably a handful of stocks that COULD be distorting the figures toward the bull a bit. It looks suspicious to me. I am spooked as there have been many huge gains by little stocks this past few days which often signal the end of a rally.

http://finance.yahoo.com/advances

If you are new, I take the daily total of the top 33 bull pattern hits in the last ten days and the number of bear pattern hits the last 10 days and keep a running total. I get this infor from hotcandlesticks.com. For example today there were 2927 bear hits in the last ten days, and 1656 bull hits in the last ten days. The NAS is the NASDAQ plus or minus points and the vol is NASDAQ volume in billions of shares.

http://www.hotcandlestick.com/candles.htm


-----bear--bull---total--NAS-/+__Nas vol(blns)
6/9--2379--1674---696bear-+18----2.1
6/8--2309--2746---437BULL--L7----2.0
6/5--2084--2626---542BULL--L1----2.3
6/4--1911--2730---819BULL-+24----2.5
6/3--2011--2676---665BULL-L11----2.3
6/2--2012--2650---638BULL--+8----2.6
6/1--1995--2611---616BULL-+24----2.6
5/29-1944--2714---770BULL-+12----2.5
5/28-1970--2563---593BULL-+21----2.2
5/27-1953--2723---770BULL--L7----2.1
5/26-1828--2573---796BULL-+58----2.1
5/22-2533--1581---952bear--L3----1.6
5/21--missed
5/20-2989--1367--1367bear--L7----2.3
5/19-2927--1656--1271bear--+2----2.1
5/18-3207--1622--1585bear-+52----2.0
5/15-3227--1647--1580bear--L9----2.1
5/14-3245--1722--1523bear-+25----3.7
5/13-3561--1435--2126bear-L52----2.4
5/12-3370--1630--1740bear-L15----2.5
5/11-3138--1780--1358bear--L8----2.6
5/8--3084--1832--1252bear-+23----3.6
5/7--3098--1677--1421bear-L43----3.8
5/6--2608--1661---947bear--+5----3.1
5/5--2782--1742--1040bear--L9----2.6
5/4--2243--2376---133BULL-+44----2.6
5/1--2434--2160---274bear--+2----2.5
4/30-2366--2049---317bear--+5----2.7
4/29-2039--2182---143BULL-+38----2.4
4/28-2012--2296---284BULL--L6----2.5
4/27-2037--2084----47BULL--L15---2.2
4/24-2137--2139-----2BULL--+42---2.5
4/23-2187--2251----64BULL--+ 6---2.4
4/22-1979--2348---369BULL--+ 2---2.7
4/21-1842--2245---403BULL--+35---2.4