Half the stocks on my screen have been in the red in the last 2 months, which tells me that not many at all participated in the profits in the last 2 months. Counters continue to advance on thin volume, and my theme remains the same. This is fundamenally weak market which is being propped up like a table with only 3 legs. When one of those gets taken away, we’ll see price fall back to certain levels when I will be a buyer again.
I hate to keep going on about his counter because people have being accusing me of falling in love. heh heh. But this is the only counter on my screen which is even anywhere near what I think is a suitable accumulation level. When that price hits, I will look for a bottom, and then hit it hard. But until then, I do what I’ve been doing for the past 3 months. Sit and wait.
