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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: Frederick Langford who wrote (77381)10/13/2002 8:45:35 AM
From: GREENLAW4-7  Respond to of 208838
 
Its strange that most who are charting in waves are calling this a new 3 wave bear rally, If that is the case you cannot discount the top at 10,400?

They are counting simply from the high from last August. I have another near term top in the 7900-8000 area if it even gets to that area. You cannnot discount the top!!

Did anyone else pickup those negative numbers fridsay morning? LOL

I will say one thing on every nasd rally the BTK leads the way but this time its a nonfactor which has me scratching my head. Could be they will move this week as DOW consolidates.

I personally see the current rally as orchistrated by the big boys before the real HURT numbers come in this week. Watch closely where the financials go, they are the key and there recent move was a lower rally then the last. I use C, FBF, and AXP as my barometer.

Good luck all!