Raptor's Den II Message Board

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Strategies & Market Trends : Raptor's Den II

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To: Andrew who wrote (1437)	11/17/2003 12:38:48 PM
From: macavity	Read Replies (2) of 3432

A top? What Top? I feel that people think we could be in for a slight pullback/consolidation. Maybe but we are quite My analysis says that if we ($SPX) break MONTHLY lows this rally from March is over! If we break QUARTERLY (~960)- less than 10% - and this acts as resistance, then this is a top of the 'same order' as 2000! We have just failed to close above EMA55 on MONTHLY Charts @ SPX=1050/60. MONTHLY_EMA55 was 'good' 1982-2000 Bull market support. We bounced off QUARTERLY_EMA55 for last year's bottoms. Let's see how far Mrs Market wants to go. I for one will be paying close attention. "More Honey, Yogi?" -macavity

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