thanks lee and sk----- just now got this in the e-mail---from spear report, which had been gone stepladdering long for intermediate swingtraders since 3/14 -had going 50% invested to 75% to 100% (at 1490) to 125% invested at 1568 to 175% at 1680, has now pulled the cord.
<<MARKET DIRECTION
For those Pro subscribers trading Index proxies (ETF's, futures, Rydex) the
following information may be useful.
Short-term Market Direction: Down (reversal in progress)
QQQ target: (Was $32.00; 31.47 attained) Now, initial target is $29
SPY Target: (Was $102; $101.40 attained) Initial target $93.
Intermediate-term Market Direction: UP
Dow Target: 9132- 9375 (this zone attained)
S&P Target: 1022 initial target (1007 attained)
Nasdaq Target: 1675-1740. (1684 attained)
Long-term Market Direction: Down
The Dow and S&P 500 bear markets may complete in late 2004 but it could
take until 2006. The Nasdaq Bear Market will most likely complete in
2004, but the lows for many small-cap Nasdaq stocks are certainly in.
Executive Summary
<<Congressional news about a Medicare drug benefit sent a number of
healthcare names higher on Friday. <bHowever, the market finally put in a
high volume reversal day that feels like the start of a correction that will
last at least a few weeks. It is time to protect profits on long positions and it
is probably too early to think about buying dips>> via spear report.
He played his video game night and day.
The MAZE of Death.
But that is the game we all are in, the trick, don't believe it.Get above it all and imagine nothing is what it seems.Kill the machine.otraque
AI
