Saturday, August 29, 2009

More MRGE

So today MRGE closed at $3.52. This market has basically gone into a channel with the indicator of choice not issuing any signals. Sooooooooo, I am going to hold this for a while yet (against my own advise) and see what happens.
Tune in next week, same bat-time, same bat-channel.

Wednesday, August 5, 2009

Here We Go

So this is the 2nd week of trading above 8877 in the Dow. I'm now DCA over 12 months to get back in to this stock market.
8877 should be strong support. All major markets are trading above the 200 day moving average and everything looks ship shape.