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Strategies & Market Trends : Waiting for the big Kahuna

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To: Gary105 who wrote (51017)4/13/2001 2:06:32 PM
From: GROUND ZERO™  Read Replies (1) of 94695
 
We could see another test of these lows, I just think the likelihood is not that great, I don't know if all gaps must be filled, these could be breakaway gaps... if I had to chose, I'd say the DOW might see new highs first, but I think all the major averages including the NAZ will see new all time highs soon enough... for the DOW, once that resistance at 11000 is taken out, there is nothing but clear skies ahead for that market... the NAZ could see selling at higher levels and it may be a struggle to keep up with the DOW, but I think we could see the NAZ being greeted with aggressive buying once that resistance is cleared away... the SP's need no introduction here.....<g> right now, we could see the buying accelerate for these major averages after a small pull back, if any at all.....

GZ
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