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Strategies & Market Trends : News Links and Chart Links

SPXL 213.39

-5.0%

Nov 13 4:00 PM EST

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To: Justa Werkenstiff who wrote (7703)	6/8/2003 11:04:07 AM
From: Return to Sender	Read Replies (1) of 29596

We had an extremely high volume reversal on Friday especially for the NASDAQ. If you ask me this is indeed a sign of a potential blow off top. What is muddying the waters is the the strength of the rally that preceded it these last 13 weeks. I have posted lots of good articles on the potential for this reversal to be either a blow off top leading to a new leg down or simply a short consolidation on this thread at iHub: investorshub.com On BPNDX the record high was 93 in 2000: stockcharts.com[h,a]dallyyay[d19990608,20030608][pa20!a75!c20!f][vc60]&pref=G That 93 reading was during the bubble. The question now is are we still seeing a bubble mentality chasing this recent rally that will fail and end up igniting another leg down or just a shallow pullback before a new bull market continues. RtS

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