Carter Worth - 10/23/08 - Chief Technician at Oppenhiemer
Carter Worth has come back on CNBC today - 10/23/08 after I wrote about him earlier in the
week right here.
Carter continues to make the case that you should take a long position in these markets.
"When you come in during the morning and feel a little sick...thats a good feeling because it means we are starting to form a bottom.
Force yourself to Sell extreme strength, Buy extreme weakness....we know about all the bad news out there and we are investing on the long side now.
Our bet: It is better to be buying rather then selling right now
Avoid Financials
Buy BTU Peabody Energy