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Strategies & Market Trends : Ask DrBob

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To: Louis V. Lambrecht who wrote (39897)7/13/2001 11:01:31 AM
From: eichler  Read Replies (2) of 100058
 
LVL
I think there's a good chance yesterdays gap will prove to be a break-away gap. Of course, there's no guarantee...but daily stochastics have now crossed up, and easily has several days of room before entering overbought range.
home.earthlink.net
yesterday's wedgie is now today's broadening formation.
I'm sure the boyz will extend the suspense for as long as possible until the next move is revealed.....
Due to Rydex numbers still remaining bullish, and apparent investor sentiment remaining incredulous and disbelieving of a rally, I feel the wall of worry is intact and I think rally will continue....
Just my 2 cents worth...Ok, make that 1 cent....
Regards,
Eichler
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