Friday, January 21, 2005

Why So Gloomy?

I happen to have today off and I was able to catch some CNBC. Lots of gloomy talk about the market. Everyone is so negative; this is usually a good sign for the market. The market will turn around when you least expect it. Again, Fisher Scientific (FSH) holds up well in a down market and closes up. The daily and weekly charts look great; it just broke out of a long trading range. I'm not a market technician, but I do put some weight on the charts.

Well, enjoy the weekend. I'll be digging out from a snow storm.


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