Stocks for the Rest of Us
S&P 500 Oscillator Update
The market is so ridiculously oversold that it doesn’t even really matter anymore. I don’t think the chart has ever looked like this. If you’ve got a longer term time line (5+ years) now is the time to start inching into the market. I’ve personally been buying stocks for my IRA as the market has come down significantly in the past few days. If you’re trading in a taxable account then make sure you’re only using money that you won’t need for at LEAST 5 years. My gut feeling is that we’re setting up for a fairly decent thousand point rally on the DOW but it’s going to be fast and furious so unless you’re a day trader I would continue to sit on the sidelines until the charts start building a better base.
S P 500 oscillator
| Print article | This entry was posted by brian on October 8, 2008 at 3:34 pm, and is filed under S&P Oscillator Update. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
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S&P 500 Oscillator Update
about 1 year ago - No comments
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about 1 year ago - No comments
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about 2 years ago - No comments
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about 2 years ago - No comments
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about 2 years ago - No comments
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about 2 years ago - No comments
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