Most of my favorite stocks carry a similar pattern of lower highs and lower lows since around november last year. I can think of only a few that defied this pattern, but our experts remain upbeat for 2008.
Not one negative prediction for 2008 has been made yet so many are quick to warn about big drops within they coming weeks. Technical analysts talk of levels like 2700 as a possible scenario. In november last year such a level was thought by many to have been long gone. Now, its that sort of thinking that had to be thrown out the door and many are soberly staring at beaten up protfolios that have fallen far from glorious novemeber.
Call me crazy, but I still think this is a perfect time to build up a good portfolio based on a sound fundamental analysis.
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