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Strategies & Market Trends : Sharck Soup

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To: velociraptor_ who wrote (23281)5/16/2001 7:19:35 PM
From: pressboxjr  Read Replies (2) of 37746
 
<Longer term, I am unsure yet, but I will say that if the DOW breaks above it's high around 11,750, there's a good chance it could see a few thousand points higher.>

Velo, not gonna happen IMO.

Anybody see the spike in Gold today? Not a good sign IMO. The Bank of London sold their last batch today at an auction.

I will be shorting heavily at the targets you just mentioned because I have serious doubts this will continue much longer. But hey, since it's going up, might as well join the party until somebody pops the balloon.

Also, what was that with the "delayed" reaction to the Fed rate cut? Makes me very suspicious.
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