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To: Galirayo who wrote (7607)7/13/2008 12:37:07 PM
From: jaker  Read Replies (1) | Respond to of 41466
 
42.19 QQQQ, Major indexes generally march together, in a sloppy manner... So the 42.19 might have some merit... Also I have observed that the .886 fib has been quit popular at major reversal points. The end of month date, maybe? I dunno.

I just clicked it on for the chart.

So, through the Fat part of earnings season I could be a bear.

But, another big BUT, Fundies and Institutional interest often picks up in the second half of the month as IRA money flow picks up...those are the pension funds, types... They just stick there head in the sand and do it, what the hell it's not their money.

What a mess...

h1.ripway.com