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Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?


To: Victor Lazlo who wrote (9999)4/9/2003 2:38:45 AM
From: macavity  Read Replies (1) | Respond to of 10157
 
Vic - that medication is too strong!

We are in an uptrend - agreed!
But it is weakening, that is my contention.
Yes, we can carry on higher - anything is possible, but weakness here should be respected.

The patterns that we have at $SPX 890-905 in April and March are reversal pattern.

For me it is too early to get (seriously) bearish, and the best that a bear (a trend-following one like me) can say is that this rally is closer to its end than its start.
Going sideways is an option, but further up IMO will be hard.

Keep taking the pills.
Well done on the P&L, just keep it flexible, which I am sure you will.

-macavity.