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Strategies & Market Trends : Market Direction Predictions and BS guesses -- Ignore unavailable to you. Want to Upgrade?

To: fut_trade who wrote (198)	6/21/2000 1:11:00 PM
From: michaele23	Read Replies (1) \| Respond to of 234

Just found this thread, looks like my kind of place, my strengths are definetely on the BS side over the TA which I am not convinced really works much, except as an intraday signal. I am trying to sort out where I think we will go today after a day and a half now of basically staying near zero. I think we are going to see a break out to the upside, not huge but maybe 60 to 100 points on the NAS, either this afternoon or tommorrow am. I base this on my perception of current market sentiment--people are gradually feeling more positive about interest rates and the Fed, and want to rally, but not too fast. We had three nice up days and are consolidating now, preparing for another bump up. There is still a lot of money on the sidelines waiting to come in, and there is enough fear of missing an upside that it will keep buying pressure up on any dips during this consolidation period. Any comments?