Friday, August 17, 2007

Trade Ideas: MET, CCH, PG, POH vs RIMM, DVD

Huge gains for the market couldn't hide what was a weak level of buying. During strong markets my Trade Ideas scan would hop along all afternoon. Today's buying was almost as 'bad' as yesterday (things picked up yesterday afternoon - but before that it was looking bleak) and had more in common with the fearful selling from earlier this week; the "Top-8" pick list required 1 hour and 34 minutes with only two picks making the "20-appearance" cut - if ever there was an example for short covering - today was the day.

If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.

If you are interested in knowing what I do with the "Top-8" and "20-appearance" data I have prepared a report here.