StockOperator,
>>>>> The tech's and more importantly the nutz are setting themselves up for an EXPLOSIVE move. As a matter of fact the market as a whole - DOW, S&P, RUT, and even the Utilities appear ready to take out some very key areas of resistance.
Tomorrow could be a monster day. <<<<<
If you are talking specificly tomorrow, I have CLASS 1 SELL signals on the NAZ, OEX, SPX, but not the DOW, with the BUY-IN at tomorrows highs.
The market does have momentum and under normal conditions I would say that that it would dip first, then runup a day or 2 later. But I would not be surprised at all if the NAZ negated my CLASS SELL signal, as the DOW did recently.
The only negative in the market is the slight downturn in the A/D, otherwise the signals were all on the positive side.
Well I got my normal dossage of telephone calls today, saying how foolish I am for not mortagaging the house right now! What is really scarey is that I just recently found out that a old friend took out a equity loan & put almost all into the internets recently near its peak. He kept it a secret from me since he knew I would have convinced him not to do it.
This is getting really nuts. Hey GREENSPAN better keep on cutting rates so the market never goes down, or we are going to have alot of
suicides.
seeya
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