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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Johnny Canuck who wrote (36721)4/11/2002 11:14:24 AM
From: shasta23  Read Replies (2) of 68009
 
Harry!
Looks like a lot of flip flopping out there. Amazing how erratic tick charts have become.No real trend and lack of buyers responsible for downdraft. Test of 1700 and 10k might be coming up. Should hold imho for a bounce. Couple of month ago you were talking about the overall public and private debt situation that needed to be taken care off. Don't know if that has happened( i doubt it!) and will that be necessary for a real recovery?
The feeling is that stocks are still too expensive overall and that sideways correction(marking time) will continue. Who knows how long.Like you working more in dayjob and waiting for more trend to appear. MIght be awhile.

Stefan
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