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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (54958)	3/2/2006 8:44:03 AM
From: Rarebird	Read Replies (1) \| Respond to of 110194

Two consecutive melt up days after a melt down day, would force me to get more defensive. I'm not the stubborn type. That's costly. However, if we get another melt down day here, that would tell me that we are approaching some sort of intermediate term top. By melt down/up, I mean a 1% move in most of the indices like NDX, RUT, MID, S@P, etc. A close above 1295 on the S@P would signal further acceleration to the upside. The fundamentals moving forward look very bearish. But that means little till you get technical confirmation. I'm prepared for just about anything here.