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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (64654)7/7/2003 3:05:09 PM
From: Real Man  Read Replies (3) of 94695
 
True. I'm away on vacation now, so I won't post much. I think still, BK awaits this fall, after this rally is done and over with. Nasdaq did not reach the Fib long-term target, now it did. The Dow did. Spoos target is 1033. Thus, I am not all that surprised that Nasdaq reached new highs, while the Dow and SP did not. We'll see how it goes from here. But when long bond yield gets to 5%, and goes higher, I bet, this rally may have some trouble.
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