Revenge Of The Nerds
Not much
yapping by me today. I want to let the charts speak.
Anything that held up in the growth-stock
arena has been trashed in the last three weeks. There is absolutely no place to
go in this area. Bounces have been anemic and volume has picked up in some of
the leading names as they have been pummeled. I continue to adhere to the motto:
Do Nothing!
Here is just a sampling… there are a
lot more that look like this.
It continues to be “Revenge of the
Nerds.” I am finding some terrific charts in some of the “boring
“sectors. I am starting to like boring! This theme looks like it could have
legs. You may not want to ignore it. The best place to find these names is on
the new high list in TradingMarkets.com’s
New
60-Day Highs on Double-Volume every morning. Here are a
few:
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