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Strategies & Market Trends : YEEHAW CANDIDATES
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To: Galirayo who wrote (7231)3/24/2005 12:41:07 PM
From: Augustus Gloop  Read Replies (3) of 23958
 
I've always viewed it as just a general thing. Certainly there will be some sectors that do better than others from April 15 - June 1 but generally I like to be in cash during that period and look for some buys starting around May 15th.

Housing, Oils, Transports have hung tough here and I think they will for a while.

I don't see the hell crash we've seen in past years but oil, inflation worries, rates etc. could cap the upside. So if that comes to pass I want to be on the right side of the range which has generally been in mid to late may.

Its all a wild ass guess at this point but my gut says we move higher for a couple weeks and then start the trend down. I don't think we'll come close to the recent brush with 11k though.

So...barring global issues worsening my guess would be Dow 9800 - 10k and Nasdaq 1810-1840 by mid to end of May.

If I had to keep my money in action I'd keep it in oil/serv because I don't see that situation improving.

But what the hell do I know
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