Securities Research Services

Wednesday, December 19, 2007

Sloppy, Sloppy, Sloppy

The indices look to be turning the corner here, but don't be fooled. This masks the fact that the majority of the charts out there are just plain sloppy.

Don't forget that this is options expiration week. We doubt very much that stocks are going to turn around and march back up the slippery slope they have been sliding down. Sellers are likely to play games with any moves higher, so be careful, don't chase prices, keep order sizes small, and look for the one or two obscure stocks that might be bucking the non existent trend.

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