To: Les H who wrote (200738 ) 10/29/2002 10:18:18 AM From: James F. Hopkins Read Replies (2) | Respond to of 436258 Les; just in case you don't know it, I like your Market Breadth postings and study them more than I do any other postings on SI.Message 18167790 I think it's about the best form of TA, however I've not really been successful in my quest to find some one KEY I can use to bet on. Yet that's the closest. As of yesterday it showed a roll over of this crazy run up starting on 21st or at least the 23rd but there is a catch. ----------------- The old don't fight the FED thingybiz.yahoo.com GreenSpam has been tossing money at the bankers like gang busters all through Sept. and OCT..it's getting almost as bad as he did in late 1999 for the 2000 fix..which of course created the top of our bubble, but also set up the bear market that followed when he felt he had to take some of the liquidity back. Then as he was taking liquidity back and it didn't work as fast as he wanted it to he up rates on top of it. Now after he has cut rates almost to the bone, he is also injecting liquidity hand over fist. If this market does roll over in spite of his effort to hold it up through the Nov elections and help out his republican friends, it would signal the fed has lost control of things. This must be very frustrating for old GreenSpam, but he'll never show it. ------------------- Still I can't believe we will see a big pull back as long as he is jacking up liquidity , I hate trying to fight the FED he sure can vex my short term TA , but latter on , that's another story, just about the time we get all the bears convinced we have hit bottom and they cover he will surprise them again. I'm still a little short based on the 10 DMA roll over, but I'm also cautious about it. Jim