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


To: Jorj X Mckie who wrote (7792)9/21/2001 9:39:36 PM
From: Augustus Gloop  Read Replies (2) | Respond to of 10077
 
I'm watching the BP's real close here. I don't care what kind of rally it is - there is some serious booger (green) to be made when we reverse. I believe the NYSE is down around 30% bp. We are seeing great historic buying percentages. Now this doesn't mean we turn on a dime but I'm paying a lot more attention now then I was for a while. It looks to me like if we dip a bit more and churn for a week or so that we could reach the BP levels we saw in 98 which were the lowest since 1987. Between great levels, another rate cut, some bombs in the middle east and the fed pouring doh into the market we have all the makings for some serious pie. I just hope its not more Humble pie <g>