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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: groundone1 who wrote (8614)	12/1/2005 2:18:11 PM
From: wmwmw	Read Replies (1) of 12411

For the market I also think the same way. Market should make new high and there may be a local top next week but the pullback would be shallow and short. (depends on how market responds to Fed meeting. If market think rate hike cycle would be near the end, the Fed meeting could even be treated as a positive.) If you check May rally, at early June it reached vertical but the pullback was shallow. That tells the vertical does work, but it's effect varies in different situation, and is affected by many other factors as seasonality, the time frame in a major trend, etc. The major up trend began from April/May and ended at early August.This time it should last no less time as we are at a favorable time of season. That makes this up trend to finish no earlier than later Jan/early Feb next year.

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