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Strategies & Market Trends : Market Direction Predictions and BS guesses

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To: the Chief who wrote (17)5/17/2000 9:00:00 AM
From: SBerglowe  Read Replies (1) of 234
 
Chief;
In looking at charts of major banks I am seeing a series of lower highs and lower lows...what appears to me to be a topping formation:
askresearch.com

However, I am looking at some beat up technology stocks and their charts, and I am seeing very oversold stocks that may have some life in them for a rally.
askresearch.com

Also, the biotech index held a support level....

putting together bits and pieces of information, I am led to believe that the bulls are still stronger than the bears. However, if the financials were to break significantly from here, I might become more bearish for the intermediate term.

Also, some of my astrology friends are calling for a low this week followed by a rally.

(* My name is Susan, and I don't really like being called Mr. Berglowe >gg *)
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