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S&P 500: 1,317.11 Change: -0.21%
rjm77me
rjm77me vip
P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : Market Direction - slight positive Bias

Date August 31, 2011    Comments Comments (3)    Rate this post Recommend This Post (576)   
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My projection is that the market will stay in $INX to stay in range of 1200 to 1240 - now at 1222


It did rise above first resistance around 1210


The stocks to buy are beaten down solid performers. Some were identified in my blogs in last two weeks


 


I am taking profit on 50% of portfolio


This site does not seem to be working. I added couple of picks yesterday before market close and are still pending

Tags : X   BTU  

3 Comment(s):

Author rjm77me     Date August 31, 2011 20:25 Abuse this post Report Abuse
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The Dow increased 53.58 points (or +0.5%) closing at 11613.53 the Nasdaq was up 3.35 points (or +0.13%) to finish at 2579.46 and the S&P was up 5.97 points (or +0.49%) to finish 1218.89.

Today's movement came from mixed volume (NYSE 1270 mln, vs. 1173 mln avg; Nasdaq 1960 mln, vs. 2070 avg), with advancers outpacing decliners on the NYSE and decliners outpacing advancers on the Nasdaq (NYSE 1962/1075; Nasdaq 1271/1290), and with new highs outpacing new lows (NYSE new highs/new lows 43/6 and NASDAQ new highs/new lows 24/13).
Author rjm77me     Date August 31, 2011 20:38 Abuse this post Report Abuse
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Today market action suggests a pull back of 150 points for DOW Jones Index in next 2 days
I will be buyer of select stocks on pull back
Author rjm77me     Date September 2, 2011 10:09 Abuse this post Report Abuse
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i am a buyer at close today
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