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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (14169)	11/24/2002 11:25:27 AM
From: Jeffrey S. Lillie	Read Replies (2) of 57110

Hi Jorj, the bullish % indicators are in range now. Here's my take. The NDX has led the spx, dow and most european indexes to where we are now. NDX is the leader wihtout question. It is right in top land now . Sure it could go higher, but i am on red alert status this week. It may get to 80 or above from 77 now, but the index is within 4% 1160 of its top by my calculations. i think we get higher this week but we may not. jeff My point about the pnf stuff was dont get caught looking up to 1600 plus trendline for a top that may not come and get stuck holding the bag on your longs if you have any. good luck to you this week, we need it

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