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Strategies & Market Trends : Classic TA Workplace

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To: SwampDogg who wrote (100364)	6/30/2004 10:12:35 PM
From: The Freep	of 209892

Fuddle -- you can say what you want about the bulls, but you PROMISED that 10570 Dow was your final line in the sand. You've been upping and changing that line so many times that you've lost the ability to criticize anyone for being in denial ever <g> It is impressive that there seems to be an air of bullishness while non-tech hasn't even taken out the highs of earlier this week. That said, there's really nothing overtly bearish in most of the index charts for the short term. The trend appears to be up, particularly in tech. At the moment, I'd be surprised to see the Dow under 10K if we're really pointed up here. Very surprised. And historically, for whatever it's worth, the market doesn't tend to make a top until at least 4 months after the first rate hike, for whatever reason. Just don't keep raising your "really, no higher" line until we're at all time high territory, okay? <g> the freep

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