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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (71674)	4/18/2003 4:17:18 PM
From: Shack	Read Replies (1) of 209892

Jeesh, why were you meeting with HIM? Anecdotal sentiment is certainly a grey area but I am now sure I am reading so much talk of DOW 9000+ that I need to re-evaluate my bullish feelings. I don't think we are done with up but I do not think the VIX is going to 10. There are too many charts that look like they are heading towards a terminal ending and I am getting TICK readings that are downright euphoric. I think we are going to do one of two things. Either we get a very large retrenchment before another big wave up, enough to refresh the TICK, VIX and bearishness in general, or we are going to chop a little bit higher here before its all over. I have it at 50-50 right now.

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