Hi IKE...
well i've looked at all my indicators, and as of this evening, barring any catastrophes, we could explode to the upside...
i have bullish triangles on several indexs...and the SPX & OEX look great...the SOX broke key resistance today to the upside, and the June S&P's look wonderful...
if both eco numbers are ok, and the FED does not change their bias, and i don't think they will, we could see the mother of all rallies towards 12,000-13,000..right from here...
the money is rotating back into tech and internets, and out of cyclicals and fuddie duddies...
Ike the semis look awesome, not so much the equipment co's but the specialty chip makers..BRCM-LSI=XLNX-ALTR-QLGC-UNPH etc etc...just fabulous all of them...
i'm looking for DELL to kill the number next Tues. and rock to a new highs..on heavy volume..CSCO's number's were steller...so will DELLs...
the bonds look to have bottomed as well...i hope<g>...
this market has shaken off everything thrown at it...in fact what has me so elated is the fact that puts still far out weigh calls...
and the bears and shorts are still cryin' crash...thank goodness...
anyway, the next 4 trading days should be more than volitile...
regards, OJ... |
