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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Michael D. Hueglin who wrote (32679)	9/1/2000 8:02:23 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Mike i think we are at resistance here on every chart... but boy do these charts look great..SPX-OEX-NDX-DJIA-COMPX etc... the pullback may actually not get down that far???? there are no sellers in this market right now... but nothing goes up in a straight line... and mid to late Sept into Oct is not a good time frame... all tho, maybe this year we could surprise to the upside..if corp profits are still holding well... we do not want to see sentiment change to slower growth that could hurt profits..so far that has not shown up yet... warnings season is upon us..and i'm expecting some negatives thru this season to damper all this enthusiasim... you can see things are definately slowing, and the last 50 basis points has not worked thru the system yet..thats not so hot... but i am seeing, nice rallies in the nets, software, electronics, and health care sectors.. off very oversold conditons... all in all not a bad looking market at all...in fact in this mornings DorseyWright report..we are now seeing the OTC stocks moving into a very solid position for more gains...even a better looking set ups than DOW stocks...this bodes well for the NAZ.... so good luck out there..stay the course<g> OJ