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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (2931)	5/20/2001 11:19:19 PM
From: The Freep	Read Replies (1) of 209892

<<Make no mistake, the next move of size will be down.>> Thanks for the reply, Allan. But I dunno. Naz 2450 is nearly 15% from here. To me, that's a move of size. I agree that Friday's close was nice, as was the week from a bull's standpoint. Add that to the Fed cutting, adding liquidity, and folks looking at bad news as good news, and it's easy to make the case we rally. Oh, and the Lakers are winning. I wonder what will be the catalyst for any resumption of the move down (assuming it comes)? Asia? Change of Fed bias? Lakers losing? I'll be curious to see next week's COT report, just to see if any of this rally was those guys covering their S+P shorts. So much to think about. Think I'll play with Freeplet instead. See y'all tomorrow. Good luck out there. the freep

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