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Re: was Steve post# 5406

Thursday, 01/08/2004 5:17:10 PM

Thursday, January 08, 2004 5:17:10 PM

Post# of 37180
Wasn't positive enough to go short in spite chatting up wth my broker:) Not enough to get me to jump.
But saw enough to see a 5-7% downdraft seems near impossible to avoid now.
I have been watching the 38 QQQ level to come and see what happens for some time and when i saw the MMs were doing their best to jam it above and just missing well
I felt we are coming to "MMs get a hernia time".
If we proceed up from this point we are breaking into 1999/2000 mode.
Those indicator excesses i have thought to be historically untouchable but i am now wondering--but the momentum levels of 1999/2000 haven't even been approached yet, they are figures that defy comprehension.
A for instance the present compx weekly momentum is a quite high reading of 350. In 2000 the weekly compx momentum hit 2035.
The JR number itself WILL matter i feel.



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

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