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To: MythMan who wrote (309648)7/14/2005 3:16:47 PM
From: Real Man  Read Replies (2) | Respond to of 436258
 
I agree. However, SPX hit 100 stochastics on Monthly,
Weekly, and daily charts. Not that it matters for the bulls,
but it can't go higher than that. These levels are extremely
overbought.
So some caution is well advised -
at least a short term pullback is coming -g-

Now, we may get a 4-8 weeks bull run after that. All fake,
bubble-driven, but with AG Fed we keep bubbling on merrily,
losing our manufacturing jobs to China, while creating more
and more "Finance" -ng- Getting something for nothing is a lot
of fun.