SACO INVEST

Fórum da Saco Invest
 
HomeHome  FAQFAQ  SearchSearch  RegisterRegister  MemberlistMemberlist  UsergroupsUsergroups  Log in  

Share | 
 

 Meisels & Tippins: Use Rallies to Move to Cash

View previous topic View next topic Go down 
AuthorMessage
gastaoss



Number of posts : 440
Registration date : 2007-07-01

PostSubject: Meisels & Tippins: Use Rallies to Move to Cash   Sat Aug 18, 2007 10:30 pm

Meisels & Tippins: Use Rallies to Move to Cash





Posted on Aug 18th, 2007 Larry MacDonald :
Stock market indexes have been below their 200-day moving averages for
several days now, a bearish sign for many technical analysts.
The S&P/TSX Composite index closed yesterday at 13,048.76, down 11%
from the peak in mid-July and 3% below its 200-day moving average; the
S&P 500 shows similar declines.
The indexes have been
down to their 200-day moving averages several times during the current
bull market, but each time managed to rally back strongly. So far, a
rally is nowhere to be seen. But in their latest Phases & Cycle
investment newsletter, Ron Meisels and David Tippins call for "a
concerted rally attempt by the oversold S&P 500 … likely from a
point somewhere in the low 1400s."
However, they add, "there
is substantial overhead resistance in the high 1400s/low 1500s, and
this will prove worrisome for the bulls." Their advice: don’t join any
market rallies just yet. In fact, use them to move into cash.
But
as of their last missive, they haven't given up on the bull market:
"For the long-term it is far too early to declare this longstanding
bull market 'dead, since [their italics] the long-term [200-day] moving
averages for the major market indices still point upwards ... " Look
for another upleg to begin "when the leaves fall," conclude Meisels and
Tippins.
Back to top Go down
View user profile
 
Meisels & Tippins: Use Rallies to Move to Cash
View previous topic View next topic Back to top 
Page 1 of 1
 Similar topics
-
» VONE - will it move further.
» COMD Big seller Move to 150/=
» Is there a sinister move to privatise the EPF?
» How to calculate "Limit Move(T)" in Swing Index?
» BREAKING!! Russian Nuclear Units On The Move, Non-Essential Civilians Told To Leave, Putin's Ready T

Permissions in this forum:You cannot reply to topics in this forum
SACO INVEST :: SACO INVEST-
Jump to: