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Strategies & Market Trends : Rande Is . . . HOME
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To: American Spirit who wrote (44773)1/5/2001 1:06:13 PM
From: Rande Is  Read Replies (6) of 57584
 
Spirit, Monday could actually be up and still be consistent with both the Burst Rally theory and the 4DML. I'm looking for a fairly serious dip late on Tuesday. . .perhaps near 2400 on COMPX, but doubtful much lower than that. I don't see us re-testing 2300 any time soon. Oh, I guess we could get close. . .it isn't really that important.

The difference is that I am looking at the market as having an upward trend since Dec. 21. But I am completely removing Jan 2 and Jan 3 from my view. . . I believe they were totally contrived. The dump on Jan 2nd was, in my opinion, a set-up for the Jan. 3rd burst rally, as we've discussed. The Federal Reserve is obviously full of leaks.

So removing those two days, I see us trading between 2400 and 2700 next week. 10 steps forward and 9 steps back is still a positive 1 step. I don't see earnings as having all that big an influence on trading in January. Poor earnings are fully priced into this market, IMO.

That is what I see ahead. . . and I am making the most out of trading the manipulated swings up and down lead up to the larger moves.

Gee. . .It sure would be tough for anyone to follow this line of thinking if they didn't believe that the markets were manipulated regularly. C'est le vie.

Rande Is
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