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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (49158)11/9/2000 5:38:35 AM
From: PMG  Read Replies (1) of 94695
 
Interesting enough, it didn't move in either way so far. I am not sure how the final outcome of the elections will effect the market short term. But I do not expect more than 150 e.g. Nadaq point either way as a move on the news.

Then, I am seeing headlines about valuations and profits coming up again. These topics will hardly move the markets higher.

On the other hand, before COMP closes below 3150 the last month does not look too bad from a glance even if you could still call it a bearish wedge.

Any idea how much we should rally if a Bush victory hits the news? And what is your line of thinking that make you bullish (besides chart technicals only)?

Regards

PMG
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