AI
Thursday, March 16, 2006 12:12:43 PM
Hey cad,
...inclined to disagree with you here...not strongly, but inclined. I think defensive capital has rolled into the blue chips and provided break outs in the large indices. Now, the techs are poised to catch up as higer risk capital falls in line. I don't think the divergence of the DOW from the NAZ is meaningful yet.
The cue will be the SOX. If my inclination is correct, a sonic boom will be heard as it blows to 550.
A nominal pullback to 2300 NAZ / 1300 S&P over today and tomorrow would set up next week for that run up.
Meet the protagonist of my story:
...inclined to disagree with you here...not strongly, but inclined. I think defensive capital has rolled into the blue chips and provided break outs in the large indices. Now, the techs are poised to catch up as higer risk capital falls in line. I don't think the divergence of the DOW from the NAZ is meaningful yet.
The cue will be the SOX. If my inclination is correct, a sonic boom will be heard as it blows to 550.
A nominal pullback to 2300 NAZ / 1300 S&P over today and tomorrow would set up next week for that run up.
Meet the protagonist of my story:
__________________________________________________
"The Intermediate-Term Trader is the Happy Trader."
http://www.investorshub.com/boards/board.asp?board_id=6260
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
