AI
Nortel.
Michael, these are indeed wild and scary markets.
I took a position in Nortel, yesterday.
I have been taking a number of positions over the past week, in stocks with charts like this.
As I read things, the selling momentum is abating, as evidenced by the declining -DI line.
There are no buyers, as per the +DI line.
If these markets start to rally, soon, I expect we'll see buyers trying to re-enter.
We'll see.
For anyone reading this. Please don't take my messages as endorsements to buy or sell. I do not give Investment Advice.
Nortel daily chart.
Cush
Michael, these are indeed wild and scary markets.
I took a position in Nortel, yesterday.
I have been taking a number of positions over the past week, in stocks with charts like this.
As I read things, the selling momentum is abating, as evidenced by the declining -DI line.
There are no buyers, as per the +DI line.
If these markets start to rally, soon, I expect we'll see buyers trying to re-enter.
We'll see.
For anyone reading this. Please don't take my messages as endorsements to buy or sell. I do not give Investment Advice.
Nortel daily chart.
Cush
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