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Non-Tech : The Woodshed

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To: jrhana who wrote (15498)10/26/2004 7:25:49 PM
From: SwampDogg  Read Replies (3) of 60911
 
It can not keep it up.
Either this was a huge consolidation and we move to above $DOW 11000 in the next 2 months or the bottom is going to fall out in the next couple of days.
Based on the fact that each rally has been of lower and lower quality I have to lean towards much lower prices in the coming week or so. Take a look at key stocks like CSCO, INTC, MMM etc
Each major dislocation over the last 100 years has followed a day or two like today. I am short and staying that way until the last $DOW high is taken out. I may add even more tomorrow morning if it can not rally past 9977.
Today looked just plain bogus. Not much volume and stocks like AIG and FNM led the way. That is not great leadership lol
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