Next week should get more volatile,
but still dont expect anything more serious than maybe 3 % - if that
Bradley on
4th
17th
High energy cluster on 13th should make for a stronger close that week
yesterday's activity index ran to a high of 600 by days end and we see the outcome
but has dropped back to 300 as of today, but there's a long time between now & Monday
90bars hit yesterday at 3pm, and the last hour turned up after 2:45pm
7th - dont follow the crowd or dont be misled
8th- calm today
9th - postive changes
10th- adverse trends today= hornets nest
11th- afternoon break thru
Jay
2 comments:
I am going to do something equally as stupid. I'm going to call for a pull back, and it should start this week. I know I know.. if you want to look really dumb, just toss out some top or bottom calls. Well that's NOT what I'm doing.
We haven't had a correction in a long time. We are overbought in every sense. The tensions rise like a stretched rubber band. Each time the market wants to pull in, they rush in with Benji money and buy it up. Well, I think its about time that wall Street fleeces the latecomers to the party.
I am not saying we are seeing the top. What I'm saying is that we're probably going to get a 10% pull down in the very near future. That pulldown.. if indeed it does come... will get bought up and we'll soar back up. I don't expect the "real" top to hit until after May.
What you guys think?
thanks Abdullah for trying to get more people to comment, but I think
everyone is asleep at the switch, and expects the mkt to just trudge on with a slow creep upward
Jay
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