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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (71674)	4/18/2003 4:17:18 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Jeesh, why were you meeting with HIM? Anecdotal sentiment is certainly a grey area but I am now sure I am reading so much talk of DOW 9000+ that I need to re-evaluate my bullish feelings. I don't think we are done with up but I do not think the VIX is going to 10. There are too many charts that look like they are heading towards a terminal ending and I am getting TICK readings that are downright euphoric. I think we are going to do one of two things. Either we get a very large retrenchment before another big wave up, enough to refresh the TICK, VIX and bearishness in general, or we are going to chop a little bit higher here before its all over. I have it at 50-50 right now.

To: JRI who wrote (71674)	4/18/2003 9:05:52 PM
From: byhiselo	Respond to of 209892

don't know about 1000 DOW points from here but think 8800+/SPX 930+ and new post-dec highs on COMPX/NDX are very doable...you're mileage may vary g following the weekly sticks on indices, they certainly don't appear bearish to me... checkout the negation of the doji from the 7th on SPX/OEX... coupled with the VIX/VXN collapse, which i believe is not finished, tells me not to short the general market yet this one has room to the 50's: stockcharts.com[w,a]dallyyay[df][pb50!b200][vc60][iUb14!La12,26,9]&pref=G 5-10% more up from here imo, 75% long for now with a new 25% short in the miners this week...trade from hell, no? ng cheers