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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: shasta23 who wrote (27069)	6/20/2000 2:34:00 AM
From: Johnny Canuck	Read Replies (1) of 68253

Hi Stefan, It looks like you bought yourself a piece of the American dream. Congratulations. I agree with everything you say about interest rates and valuation but in this market environment and given the short term attitude that everyone has take on it does not matter. H*ll even me barber is learning to trade the futures and he has only ever bought 2 stocks in his whole life. One was a tip and he made a killing and another was a stock broker recommendation and it got delisted. That being said, this rally though on traditionally light volume due to the start of summer vacations, look to have greater participation that the previous rallies. More sectors are participating and the participation is across the board within the sectors on the COMPX. The COMPX looks to run if we get follow through tomorrow. Keep in mind I am only talking short term.

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