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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (58868)	8/6/2003 1:19:03 AM
From: Sully-	Read Replies (1) \| Respond to of 65232

Seems a good number of folks are looking for some down tomorrow with a reversal back up either tomorrow or by the end of the week. Some are calling for new highs in the indicies soon. No doubt there will be a lot of dip buyers step in at the next support/resistance areas. It has paid handsomely for several months now. I think we saw a breakout failure late last week & today seemed to have a number of technical breakdowns. Yet bullish sentiment remains high & the VIX remains quite low. Hmmmmmm. If we get a gap down tomorrow that lasts more then 2 hours (S&P 950+/- & Naz 1635+/-), I think I'll be looking down after any dip buying on low/moderate volume.