To: donald sew who wrote (28265 ) 8/24/2000 10:45:39 AM From: James Strauss Read Replies (1) | Respond to As mentioned in my index update unless yesterdays highs are taken out significantly, that would be bullish short-term and I would not be overly bullish until 4300 is taken out. I guess you are ignoring the threat of the Head and Shoulder formation, which is of course your choice. Im not saying that the H&S will be completed, but I wont ignore that possibility as you do. Considering todays performance as being very bullish could be a BIG MISTAKE, and you could be right. Today did not set a higher high but did form a MINI-DOUBLE top if tomorrow is negative bigcharts.com My point is not whether you or I are right or wrong, but that its premature to become very bullish, as you stated. If you dont agree with me on the 4300 level then at least wait to see if yesterdays highs are taken out significantly. Again it could simply be a mini-double top. When someone says to me that something is very bullish, I take as if that person is aggressively adding to their position, to the point they are even adding on margin if that person plays with margin. If one says its very bullish and in fact didnt add, then I consider that such person may have an alternative agenda and I did say may. If its not an alternative agenda then it may just be BS. Of course that mainly applies to individual stocks not an index. So I presume you added aggressively, since I dont consider you a BS'er. Good luck then, you may be a little premature to add aggressively. I may have just added a little to start with than add on, rather than going aggressively now.
