This week the Chart Whisperer debriefs on the painful week in the stock market and suggests this type of action usually marks the bottom. Bruce thinks it's too late to sell and too early to buy at this point. As he mentioned in his earlier commentary [4] this week, don't ignore the dollar movement. Find out which indicators he believes are buy singals. Associated tickers: (NYSE: JNJ [5]) and (NYSE: OMI [6]).
Links:
[1] http://www.greenfaucet.com/audio/by/artist/bruce_zaro
[2] http://www.greenfaucet.com/audio/by/title/the_chart_whisperer_10_03_08
[3] http://www.greenfaucet.com/audio/by/album/greenfaucet_com
[4] http://www.greenfaucet.com/
[5] http://www.greenfaucet.com/%28NYSE%3A+JNJ%29
[6] http://studio-5.financialcontent.com/greenfaucet?Page=QUOTE&Ticker=OMI