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Strategies & Market Trends : YEEHAW CANDIDATES
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To: Galirayo who wrote (8786)6/23/2005 10:37:56 PM
From: Jibacoa  Read Replies (2) of 23958
 
What do you think .. Are we in for a down wave?

No doubt it was a "down day today". Some people called it "nasty". <g>

The DOW SPX & NAZ all plunged more than 1%. The DOW was the worse performer of the 3, closing just 2 points above the L for the day and below the May 26 L of 10426 The SPX was able to close above its June 15 L of 1198

The NAZ is the best looking of the 3, it closed above its June 15 L of 2053 and its near term uptrend still seems intact.<g>However P closed below s & L
Data on the NAZ at present: 2070 2082 2075 and 2041 The volume was a little below the volume on June 17

Will see if the DOW is able to hold above its May 12 H of 10322 or if it will test its May 13 H at 10234 <g>

At any rate, amber lights are flashing and caution seems the prudent mood to take.

I was watching the baseball game and was glad to see the Florida Marlins win Atlanta for a change. Dontrelle Willis did a good job and Miguel Cabrera was able to hit 2 homers and had 6 RBIs.

Now I am watching the basketball game which, is now at half- time. So far it is a close game. I would like the Spurs to win, not because the Pistons won over the Heat, but because I have more friends at San Antonio where one of my daughters did her Pulmonology residency.

Well, the game is just getting ready to start back.

RAGL

Bernard
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