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Msg  12317 of 60001  at  7/24/2007 9:47:33 PM  by

The Old Fool


 In response to msg 12313 by  
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Re: The dk Report 7/24/07

Nice report DK - but as I have been looking my collection of charts - the market action appears to be an overreaction.  I suspect the small fry are leading this charge - just because it is supposed to happen.  Why would utilities drop like a rock with rates dropping?  Raking them chips off the table is about the only answer.  I bought a few utilities at the close today for the LT port.  Maybe they have more to go - if so, I'll buy more.

Bottom line - absolutely NO buyers today.  Look at that volume ratio.  That gets my antenna up.  Maybe the bears are really in control - but I have my doubts.  Too damn obvious if you ask me.

Good Luck,

The Old Fool




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Replies
Msg # Subject Author Recs Date Posted
12324 TOF and Terra (Re: The dk Report 7/24/07) dkneupper 3 7/24/2007 11:57:13 PM
12328 Re: The dk Report 7/24/07 Utility Stocks jonfin 0 7/25/2007 1:48:43 AM


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