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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: pater tenebrarum who wrote (53413)7/27/1999 5:12:00 PM
From: Jorj X Mckie  Read Replies (1) of 86076
 
he's a likeable fella as long as you ignore most of his investment advice.
This was funny:-)

I think today was the first time that I saw Bollinger hinting at a bearish market.

I am in the same camp as you, we need a correction to keep the bull healthy. I have P&F support levels on the Dow at 10500, 10000, 9100 and 7900. At this point, I would be surprised to see the 7900 tested, but the 9100 level seems like a nice healthy correction.

The main P&F indicator (NYSEBP) still hasn't flipped to bearish yet, but I have removed myself from the market in anticipation (except for a little play money).

JXM
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