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Pastimes : The Philosophical Porch

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To: Rarebird who wrote (104)	8/29/2005 10:20:54 AM
From: Rarebird	Read Replies (1) of 26251

Exactly one month ago I said: "I wouldn't get too excited here yet; for there is very heavy resistance on the S@P 500 at 1252-1254 and the Nasdaq 100 at 1632-1636." Message 21554046 These markets turned south from right below these levels at 1246 on the S@P500 and 1629 on the Nasdaq 100. That's pretty close-though not perfect. I just strive for perfection. I'm not perfect. Since these markets are a bit overextended, I'm expecting a relief rally soon. Let's see what the nature of that rally will be. That will be the key. I'm still in these markets-though the Dow/S@P500 are hanging in there by a thread.

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