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Tuesday, August 19, 2008


Looks like beanie is late to the party again.

AMED chart

AMED chart

My trading buy was a little premature. However, I did managed to pick up some for my daughter's account on a longer term basis.

Watch for any rise in OBV which signals buying. Watch for support as well. One of us will be wrong, preferably beanie.


Do you see in the chart how the Nasdaq cannot make it over 3% of the 200sma?


This ETF is a somewhat stronger. Notic the beginning of the down turn in the price and OBV.

The infamous quote, "This time it is different." That's the sign of trouble brewing if you ask me.