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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: Bert who wrote (16885)	11/20/2004 3:53:44 PM
From: nspolar	Read Replies (2) \| Respond to of 60907

I personally think a lot of stuff is looking more vulnerable w/r to general markets. Greenie threw cold water on things for a spell maybe. He probably did it on purpose. But I still expect a least one more little attempt/blast up. Ebay needs to hit 115/117 area, for example. JPM has a long ways to fall it appears, I added more poots. Hoping for 28 ish before it bottoms, but I think it corrects once before it hits that. BKX may have topped out on a big B up and is ready to start a C down. Ain't too good IT if it is so. This is the same formation HUI topped out at this spring before it really tanked, and would take the BKX down quite a ways. I don't know exactly what to look for w/r to confirmation, but I'm thinking the weeklies are the key. I have BIG monthly, weekly, and daily fibo top hits on the BKX now. During this last possible 'B' up, the mo mo on the monthlies has not responded at all. I may be looking for more banks to poot. The bears in general got their ass handed to them here lately. Thanks to JPM I am probably even on my minimal short position. Since I weighted the longer term JPM poots most I may come out fairly decent yet. Should have just stuck with the sure thing and waited on the rest. Rydex bear funds have sold down 'a lot' and now it looks like things could be more favorable for the bears, once again. Longer term I don't this market is close to topping, like say over the next few years.