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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Ron McKinnon who wrote (49747)11/8/2003 4:00:11 PM
From: Ron McKinnon  Read Replies (1) | Respond to of 53068
 
looking over a lot of charts

especially those for the major indexes

next week could tell a big story

on 2 + 3 year charts it sure looks like things are smack at a hard resistance level; or darn close

I'd think any ability to punch higher would signal continued strength into the year end

but a failure could mean a short term stall or possibly a 2-5% pullback

the economic story continues to look improved
but the budget deficit looms large
with both Washington and the consumer totally out of control with spending will the day come to pay the piper?

as always only time will tell