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Pastimes : Home on the range where the buffalo roam
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To: pbull who wrote (12906)4/22/2001 12:43:41 PM
From: Boplicity  Read Replies (5) of 13572
 
I'm happy to report that I still see a lot latent bearishness. I see this as a very good sign. How the market reacts next week will tell the tale on how long this rally last. The first test, which beginning last Friday, is not important as the next test. Watch how the market reacts to the recover from the correction that began on Friday, failure there will not be that important in determining the underling weakness, but failure to recover past the last level in the market on the second try, will show underling weakness or overhead resistance that will need to be worked off . Best case, in my mind is always base building, nothing better for the market then back filling, base building, then move higher in series of stair step rallies.

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