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To: Kelvin Taylor who wrote (49774)11/12/2003 10:33:29 PM
From: Larry S.  Read Replies (1) | Respond to of 53068
 
KT, when i read the Heard on the Street in the WSJ today, talking about the potentially unsettling effect of the mutual fund redemptions, coming on top of a huge rally, and the down ward spiral of events in Iraq, i thought that could be setting up for a serious correction, if not a crash. The newspaper and CNBS are making a huge story out of this Putnam and other MF family troubles. Yes, money is leaving Putnam and Janus, but it is mainly going back into the market via American, Vanguard and Fidelity. Today's performance was truly impressive. Either stay on the train, or get off the tracks. standing on the tracks, you're gonna get blowed away. this is a bull market, or at least one hell of a bull rally in a bear market. larry



To: Kelvin Taylor who wrote (49774)11/13/2003 6:20:23 AM
From: Ron McKinnon  Respond to of 53068
 
>>>still think a market top?

well, maybe
a repeat of my post>>>>>

To:Ron McKinnon who wrote (49747)
From: Ron McKinnon Saturday, Nov 8, 2003 4:00 PM
View Replies (1) | Respond to of 49777

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