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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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To: Suresh who wrote (27062)	6/19/2000 7:36:00 PM
From: shasta23	Read Replies (3) of 68252

nice break on NAZ...off to new highs. I forgot what that long forgotten sell off was all about. Valuations? Interest rates? Or was it just for strong hands to get back in? I really don't know any more... One thing for sure: valuations are still too high, interest rates are higher now but might not rise further and the econ could actually slow down too much. I bet that's good news for the next days and will lead to a strong rally. Aren't these reasons enough? Inverted head and shoulders formation points to a retest of all times high which might lead to the double top of the decade!! Biotechs(BTK) seems to be always leading and are already approaching again the peak of insanity... Stefan p.s.been distracted the last days by the process of buying my first house(lived in europe most of my life and therefore always thought that renting was natural)and therefore have less time for studies and stand aside. When dust settles the market will still be there...

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