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To: AllansAlias who wrote (77756)7/22/2003 12:38:11 PM
From: jjstingray  Read Replies (2) | Respond to of 209892
 
The only reason this rally is for real is because there is abolutely no reason for it. Bullishness went by the waste side. Everyone was talking about tops and new bottoms, blah blah blah. Sheesh, I was one of them. I think we now set a new high because there is no reason for this rally.



To: AllansAlias who wrote (77756)7/22/2003 12:41:32 PM
From: The Freep  Read Replies (2) | Respond to of 209892
 
Allan -- I'm watching the Dow closely, too. Using the March uptrend line (which it pierced again today) and a line along the highs, 9200 becomes a breakout of a contracting triangle. I assume that's why you're watching it. We've been in that area for a lonnnnnngggg time now. With MMM and CAT as strong as they are, it's hard for me to get too bearish. That said, a lot of the Dow stock individual charts look blah to poor. Can CAT, PG, MMM, (and INTC and MSFT???) save the day?

Oh... I just remembered, there's a Bradley turn around here. Today or tomorrow, I think. :-)

the freep