<NAZ chart looks ok to me> Hope you're right, but I fail to see the positives..Naz coming into a historical period of seasonal weakness,,a fed bent on hiking,Yen rising against the dollar,,euro sliding into the dumper and tech stock prices up in the air, where the pigs fly...No I disagree,,we may see a Naz buy the dip bounce,,but it will be short lived,IMO..With fund flow at record levels,and the NAZ declining, where is this cash going? Moving down the ladder and up into more and more specultive issues,as well as being sopped up by many POS IPO's,IMO.At a minimum, I think we retest Naz 4500,but I expect a break of that level...;^)DD
PS: and let's not forget wrong way Ralph's target raisings recently<vvbg>,they say inflation doesn't exist,,,we'll, "they" haven't paid to fill up the dual tanks on my F350<g>..and what the heck,,if the naz makes a big bounce, I can always jump to an overseas fund for the carryover |
