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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Chip McVickar who wrote (42736)12/21/2000 3:35:32 PM
From: Lee Lichterman III  Read Replies (1) of 44573
 
Totally agree with you but as long as AG is in the seat, I think we will do OK. Maybe a short term squeeze but the tanker should make it to port. it takes a while to turn this big ship.

My only unknown is since we over shot so much to the upside, how much will we under shoot the trend. I may have to go to a long term chart and see what matching overswings would give us.

Too many people watch the NASDAQ as someone just said on MDD. The SPX and DOW haven't given much and are doing what is needed. Going sideways letting earnings catch up to valuations. Some are a bit bloated though right here like KO, BA etc.

Good Luck,

Lee
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