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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (70068)11/14/2004 7:30:48 PM
From: Real Man  Read Replies (1) | Respond to of 94695
 
Could be, but that day is getting postponed all the time. We'll
have to see. I think we may see a top this week (if not Friday
last week), at least short
term - all indices are severely overbought, and bullish sentiment
readings are at the highs (some multi-year highs). The latter
did not matter during this rally, though.



To: William H Huebl who wrote (70068)11/14/2004 11:32:13 PM
From: Skeet Shipman  Read Replies (1) | Respond to of 94695
 
Hi Bill,

The strength of this market, even in sectors with questionable sales growth, convinces me their is only one side of the market to be, i.e. long. Until we is the put/call ratio drop into the 50's, I think we have to stay in long positions.

Skeet