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Strategies & Market Trends : Mu Gamma Lambda -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (728)	6/17/2001 2:17:05 AM
From: AugustWest	Read Replies (1) \| Respond to of 10077

Happy Sunday!!!!!! Here's some thoughts I had written up earlier, FWIW The question is, do we go back to 1800 and set a higher low, or do we stop here with a 50% retrace of the last runup? Since I did take home some shorts over the weekend, I'm concentrating more on a weekly chart right now, thought the daily(non piffin) does look good on some of the techs. the NDX is nice too, and the SOX is really a nice rebound yesterday. I would have to say I think we gap up Monday and I don't know how strong it will be. But I'd have to believe we will at least revisit 2000 before too long, maybe even come and back fill the gap around 1950- you know I don't forget about those gaps going all the way back to the begining of the Jesus rally starting beginning of April. That being said, I would be surprised at any sustained rally over 2500. And to be perfectly honest with you(<G> Like I haven't been before<G>) I think we are in for some serious shit again. Maybe not next week, or next month, but we are in some funk that is going to take a good number of years to rectify. I could have it all wrong, and most likely an all wrong, but I'm just afraid the excess of the 80s-90s is going to come home to roost. This gets a little OT here..... I was watching some special on VH1 about 1987 and how music reflects politics, society, economy. Is it too early or just too stupid to even mention the "D" word? Damn it, here I go again thinking too much in the wrong diorection, right? It's all outside factors and not relevant. Orare those inside infulences that have no bearings on the big picture? G'night.