dow, page-33

First off all I went long last night on the XJO because technically on the chart it said way oversold.....I also felt that the market stretched this one way to far....I was sitting there watching it and the panic come out of the screen......it bottomed around 4940 went up stagnated for a while then the market decided that was enough and the buying started to come back in......Thats when I got on.

When I trade like this I don't make things to complicated......after a while you get the feel of how the market reacts in certain situations.If you throw every technical indicator or reason as to why the market should do this or that then you won't know whats up or down.

Was the XJO cheap or dear at that point of time?.....Don't know don't care!Keep it simple.

In recent weeks there have been a lot off great companies that were oversold.....BDG comes to mind.

BDG is not worth below $2.00 no way!

Cheers