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Strategies & Market Trends : Surfin' the trend

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To: Allan Harris who wrote (36)10/15/2002 11:20:15 AM
From: waverider   of 37
 
Thanks Alan. I'll keep an eye on that one.

Excellent volume in the markets today. Upsides everywhere...except gold. I suspect a very small pullback, but this appears to me as if we have the beginnings of a very nice rally.

-upside volume trounching downside
-double bottoms in the S&P and the DOW. The Naz doesn't have one of them yet...but the techs are getting pulled up by everything else
-both bonds and gold have been signaling something was up as they have been slowly eroding over the past couple weeks
-S&P stochs and MacD all going up

I'll be beginning a position in SPY and adding as long as we keep this kind of action up.

wr
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