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The Trend Is Still Down On Most Time Frames And People Are Still Trying To Buy “Bargains”; When Will It End–At The Bottom When They Are Broke
Joshua Hayes (September 4th, 2008) Writes:
Today was a basically nothing day as it was just another session that showed an overall weak market in play minus the DJIA which inched up 15 points. This is nothing I would get excited over with the rest of the market falling. So take the gains in the DJIA as it is which I believe was a great session by one stock named General Motors (GM).
The upside leadership remains a joke and even though the SP 500, NYSE are in clear downtrends with the 50 DMA being trailed by the 200 DMA and the Nasdaq is rolling over I am still getting a few NEWBIE investors that are not familiar with the CANSLIM strategy continue to ask me which stock I am buying. I think I have made it clear to platinum investors and I think I will make it clear here.
Unless the stocks sets up just like XSI
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