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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (56825)2/22/2002 6:32:36 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
Here are a few of my reasons for being negative right now:

1) the nine month trading cycle has topped with lower highs and lower lows than the previous cycle,

2) the DOW has broken below support during the September sell off and the DOW has now only returned to that support line which is now acting as resistance,

3) the 200 moving average was also tested in this rally and the market sold off,

4) the markets are reacting negatively to good economic news.....

Yes, there is negativity out there, but not enough... I suspect these markets will continue to sell off into the summer.....IMHO

GZ