John,Yep,Trin at 4.31 is is hard to see indeed.
I have to tell you frankly,last week I was working very hard
trying to time that market.My system is pretty complicated
and time consuming,but results so far are perfect.
Today I was to tired, started at noon trading JNPR,CSCO,ORCL and EMC but in the end I was flat.
I still hold my large long position in WCOM,but this is not for sale.
So,coming back to the market,(my readings may not be as accurate as before) I can see NDX as the strongest as of now
, facing some resistance around 3500.
If that resistance will be taken tomorrow,it will be a bullish sign.If not we are coming back to the trading range or all our precise calculations from yesterday are in action.
OEX is still in the middle of the game with some problems above 770.
The worst is DOW and will try to gain some strength in 10,500
10,750 area.
A a summary,we can still get some upside in the morning,but closing is questionable.
What I can predict(still to early) is a trading range, until the next decision will be made.
el paradisio |
