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I lied, couldnt resist one more example

 

Here is a small cap (formerly large cap) out of favor, value stock, left for dead and beaten up in the alley.

 

I own it recently btw...

 

And, you can see a clear 3 week base, mellow volume. Now watch her break out today on huge volume to new 4 week highs... this is one of 3 I own... even though a Bear, 20% of stocks are usually rising even in nasty bear markets... and it hedges your folio a bit too... This is not a recommendation to buy this dog with fleas btw... just a chart.

post-3-1038837444_thumb.jpg

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E-Wave boys comments on Friday night

 

In the [NASDAQ 100] gapped higher at today's open. The index pushed above 1133 three minutes later (1134), but that proved to be the high for the day. From the 1134 high, the index declined the rest of the day. Despite today's new intraday high, the NASDAQ's closing high for the move remains on November 25 (1127). Here too it appears that the rally is on its final legs. While we cannot rule out a push toward higher resistance of 1163-1184 in the 100 index, 1505-1536 in the Composite, neither do we favor it. Instead, we would wait for a break of 1083 in the 100 cash and 1441 in the Composite to confirm that the rally is over and the next leg down in the bear is underway. This confirmation should ideally come next week.
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wallstreetcourier

 

(December 1st) "Goodbye, Old Grizzly!" This is the message of well known money manager Steve Leuthold, who calls "A New Bull Market" in an interview with Barron's Sandra Ward in the latest issue. Nobody wants to question Mr. Leutholds authority, but the growing number of bulls makes us nervous. When we recommended Lucent Technologies (LU) and Nortel (NT) here on this site on September 22nd, when they traded around 70 cents, we got a lot of nasty e-mails. Our latest bullish calls did not cause any reaction at all and that's suspicious. The bulls won't give peace in our opinion until they have taken out the high of 9077,01 of August 22nd, 2002. But then the ice will get thinner. The Vix oscillator shows complacency, our Fear Index and Wall Street Courier Index are about to turn bearish and the 9-week crash cycle is lurking next week (week of December 13th). We have also prepared some "warning flags" on our Charts of Interest site.

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Interesting Q's are below the morning highs now, and have not been able to stay over 28.36... the 38% retracement off the January 02 highs..

 

things that make you go hmmmmmm.... could this morning be the final top???

 

We shall see..... we live in interesting times

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FWIW....and dont know if it effects others...but from Tradestation....

Misquoting of some stocks

 

Due to an error at S & P Comstock, some stocks are showing incorrect "Last Price" from Friday evening. The data will correct itself upon the first trade of the day.

 

We apologize for any inconvenience.

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