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To: Shack who wrote (119558)5/27/2005 9:05:57 AM
From: ajtj99  Read Replies (1) | Respond to of 209892
 
Shack, the reason the advance is going to stall is the neckline of the inverse H&S on the COMP at 2100, IMO.

Tag it, back off in June, and move up to 2320 COMP by Sept. 10



To: Shack who wrote (119558)5/27/2005 9:08:59 AM
From: skinowski  Read Replies (3) | Respond to of 209892
 
You didn't like Cramer? He-he.. i can't take him for more than 1/2 to 1 1/2 segments at a time, but... think about the show from the POV of the people who are his callers. They get - instead of the usual lukewarm BS - strong opinions from a very sharp guy. Or, at least from a guy who knows tons of things about the markets... and who - last but not least - actually made himself very rich trading them.

Tech leads, and absolutely everyone seems to comment about this fact everywhere I look (which hasn't been much this last week). I notice that VXN has been making new all time lows almost every day, while the markets didn't do much of anything. Why? Is it safer than ever right now to go back in the water??

Which reminds me... Time to have breakfast - and, off to the beach... (g). Good luck.



To: Shack who wrote (119558)5/27/2005 10:30:51 PM
From: High Country Trader  Read Replies (1) | Respond to of 209892
 
>>>>Nothing really to do but hold, perhaps with a trailing stop.<<<< Sounds like the best way to trade, but then I am a bit biased. It amazes me how underbelieved the tech rally is in the various forums. Besides Intel which has been up 20 of the past 21 trading days, I also like IRF, a semi that is making 52 week highs, ADSK, and good old Google. Google is getting hit with some really heavy insider selling yet keeps making new high after new high.