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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: velociraptor_ who wrote (23969)5/20/2001 11:57:45 PM
From: Sharck  Respond to of 37746
 
2200 on naz seems to have posed a problem and I see 2250 as a break out bullish trend. Any new trade ideas?



To: velociraptor_ who wrote (23969)5/21/2001 12:29:40 AM
From: Eurobum1  Read Replies (1) | Respond to of 37746
 
V...Exactly methink...

To:Mao II who wrote (23942)
From: Eurobum1 Sunday, May 20, 2001 4:22 PM
Respond to of 23972

M2...Honestly I don't know...
Every indicators are very bullish. Like I mentioned with Dale, da big boyz are cooking something. It's rare that you have the equities, bonds and gold markits shoot up the same time. I think we will have a pull back soon, it could be light or violent depend on da boyz mood, the gaps could or could not be filled, who knows. Don't rely on the normal logik with this manipulated markit but simply watch to see if da boyz come to the rescue at the bottom. If they show up then we will see the Dow will break new high in a month or two. Remember, there was no logik at all to take the Nasty to 5000 then I'm not surprise to see the Dow go to 15000 (no time guesstimated frame given). Call me lunatic but that's how I see thing...



To: velociraptor_ who wrote (23969)5/21/2001 2:56:29 AM
From: Mike M  Read Replies (1) | Respond to of 37746
 
Agree, velo, that we look to be going higher. With a few consolidations along the way.

I suspect that if we do break out of 2250 NAZ, the strength will take us further than 2335. Are you suggesting that from 2335 we test the validity of the breakout before going higher?