AIG - still basing
I am merely pointing out the base formation here and the resistance area overhead in AIG. You can see it is right in the middle between the bottom of the base near $22 (down $1.80) and the resistance at $26 (up $2.20). So, I don't have a recommendation at this time but I will if it gets either closer to the bottom of the base or higher near resistance. The structure of the overall market is healthy (look for DIA chart I published), so it is wise to look for stocks with year end rally potential and January effect potential. The shift of money OUT of stock funds and INTO bond funds may have run its course. So, I will set my mental clock to December 1st and look for a great chance that stocks do significantly better than bonds going into year end.
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