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Strategies & Market Trends : Why the markets will continue higher... -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (191)12/16/1997 11:56:00 AM
From: Chip McVickar  Read Replies (1) | Respond to of 745
 
Hello GZ
Thanks for your reply on NOC and GENE
I believe that NOC still has some push left to the up side if the market
stay in place here. But watching with care. It has had a long stronge climb
over the last few years....will be looking to get out if the markets stumble.
.
Final Distribution Phase is interesting....how does one ever know...?
.
GENE is a thinnly traded stock that moves on news....not very well known.
.
Looks like the NAZ and DJIA have put in a stronge morning...
I'm looking for the market to be pushed to new highs from here for a short time....
Maybe another 3% into January and maybe Febuary. Then the market
will be-in-irons until earnings out of Europe are digested.
Asia will have some effect on all markets at some point.
Very possibly a slow down in Europe...will effect all markets and take them down to
October lows.
.
But if the monetary pressures coming out of Asia adds any more "fear" into this market
7000 could easily be seen again and farely quickly.
Do any of your long range projections see anything in Jan or Feb that
might point to a top....

Good Trading
Chip