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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Don Pueblo who wrote (2072)	1/26/2001 5:35:04 PM
From: Jorj X Mckie	Respond to of 15481

:-)

To: Don Pueblo who wrote (2072)	1/28/2001 10:10:44 AM
From: AugustWest	Read Replies (2) \| Respond to of 15481

I absolutely love when that happens. I wish I would see more bearish sentiment here on SI over the weekend though. But I think the contrarian thing may just be fogging the near term trend-in times of abundance, almost all squirles find acorns. Barring any really bad news, and assuming now that the fed will cut by 50BPs(25BPs might be the bad news though) I don't see the comp falling below 2720 on this cycle up. Might get a quick sell off on the fed announcement but right now, I will be looking to it as a last change buying opt(but watching very carfully when Cisco announces). Interestingly enough though, we hit and came off of over head resistance dating back to July to October of '99. How much memory does a chart have? Looking, again at a weekly it shows me a slight bias to the downtrend now, but we all news will turn a chart, and we will be having the fed announcement next week, than CSCO earnings. So there is pleanty of news coming up So now there are a bunch of scenarios that can be played out in our heads between now and then, but WRT the charts, I see the weekly as the um, weakest with the monthly being the strongest and the daily in the middle. Kinda like the dawning of a new age(not Aquarius proportions though<G>....I cap the rally off at 3200 than we see which of our recent resistances can become support. How'd I do?