SwingTrade Member Forum

[Wizard]

You have so much to learn young grasshopper. You get so excited on the days the market goes up. You don't notice that even with the nice advance today to 8711, the DOW is STILL WITHIN the 8250 to 8750 trading range that it has been in for many weeks. Today's volume was weak, man. No real strong buying interest. I still say that we will see DOW prices around 7500 this late summer/fall before the real advance begins.

By the way, don't be fooled by IBM earnings. Notice their revenues declined by double digits. IBM is making short term business decisions to bolster earnings, prop up and advance the stock price, but in the long run the company will decline. But by then the current business managers will be retired. I still own quite a bit of IBM but will be selling some into this nice advance.