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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Jeff Jordan who wrote (281914)3/30/2004 3:21:14 PM
From: Michael Watkins  Read Replies (2) of 436258
 
Soon folks will be talking about the inverse H&S in NDX, SP500 intraday.

My anecdotal evidence is a great many folks were feeling glum after 9 weeks of decline and decided not to buy into the big rally. So it will probably screw them all and not retrace much.

Quick eyeball shows price could move up 45 SP500 points and 80 or more Nasdaq 100 fairly quickly if the next overhead resistance hurdle is cleared.

If that happens no doubt I will take some profit ;-)
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