TB; RE:" OEX "
>As I look at my radar screen, I like the relative position of... OEX...
I don't know why I am so bullish right now, Berney: GE to ~115 by end of QTR-1.
On the face of it, I have no right to be: it is unlikely that the FED will increase liquidity anytime soon. Perhaps it is because of all the surplus liquidity that still exists: so long as Ma and Pa Kettle can pull the trigger on TULIP DOT COM, there must be money to burn (^_^)
I don't know how much more the TechSpaetzles can do, either: CSCO to ~125 next; (135~142 given a frenzy).
I think the other "legs" will do some lifting: RLX.X to ~970, +12.5% & DRG.X to ~860, +10%.
But BKX.X to ~950, +20% ??
{grin} well, mebbe back up to ~870, +11.5%
'course we could just piddle around here, and ride the waves.
I just can't think of any reason for US equities to tank. Yeah - I'd like to see the INX.X - Indulgence Index collapse... see some of that kapital get out alive, find its way over to my BigBoy bellwethers; back to the little fishies, too (^_^)
We might have us a dead cat to skin on NOK.a sometime soon: there is some support right here but, it's rapidly approaching 50d EMA at ~125; other magic lines are at ~118 and 108~110. You gotta love folks who will jump off the train, sell you their stock in a company with +50% earnings growth, +300% / year capital gains, 2:1 split announced - right after BigT makes cell-phones for the masses a reality - just because of an MWD analyst's downgrade to "neutral" (^_^)
-Steve |
