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To: BigBull who wrote (71180)8/18/2000 5:05:22 PM
From: isopatch  Read Replies (1) | Respond to of 95453
 
JMVHO but looks like, "...steady as she goes, Captain".

This is a very strong uptrend. Sector momentum this powerful doesn't turn on a dime So my guess is we're looking at nothing more than 1 or 2 day pullbacks till we get into Sept.

A lot of money institutional and individual money was left on the sidelines 2-3 weeks ago. And the market has a way of not accommodating those who want a big correction so they can get the entry prices they want. That money, in my experience, is generally forced to come in at higher prices, fueling the advance.

Sure. We could spike, intraday, below the OSX breakout point. But that would just be to run the sell stops of the nervous nellies. Then she'd just turn and head to new highs.

Could be wrong and it wouldn't be the first or the last time either, LOL. But that's my read of the tape. Don't pay much attention to anything else at this stage. Just want to stay on the right side of the trend.

Isopatch