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Red Alert Q Tips

Quarterly Quandary Quips

Ricochet 10 10 5
Thursday’s ricochet fizzled.

It was a welcome bounce off long term support

that was again tested today.

All the players will be back tomorrow

and the averages may move higher,

but with new leaders.

The basic industrials

such as IBM, GE, IR, UTX and GD

instead of any over-owned homebuilders or oil stocks,

although they are due for some kind of bounce.

This will also be a pivotal week for gold

and the precious metals mining shares.

Companies with new innovative products

will lead us out of this mess.

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