Wednesday, February 23, 2011

OK this is a re-test of a previous bottom area, and thus I think we are there

Any number of stocks we are tracking on ADVFN are systematically moving forward while others retest bottoms going back to Jan and Nov, in normal cycles just like the tides.  Waves of buying and selling will come and go and break over us but if you bought with care, you will handily withstand these waves of sound and fury signifying nothing but a deeper but less voluminous bottom.

  I expect some stocks stops will be triggered, and as is typical with bottoms, they will rally again.  If they are in our list and barely hit their stop, you may decide either to rebuy them or hold off.  Personally I would sell them, and then decide to re-deploy the proceeds, "Doing more of what Works, and Less of what Does NOT !"
Since this is a bottom area, you may well buy stocks  you now like better that are showing resistance to decline or strength of advance.

CMA.V, RXE.V, HLO.V, VMS.V, QBC, AZ.To, AZM.V, plus DGS Core Stocks all have my interest now.

Good Luck, hope you have some dry powder.  Work  your way into the market on this decline, for maximum positive capital leverage.

DG

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