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Mapleton

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Mapleton

Re: osprey post# 241703

Friday, 05/07/2004 6:20:26 PM

Friday, May 07, 2004 6:20:26 PM

Post# of 704019
The rally may start the Monday after next. Next week the market wil trend lower. It seems the board has already made up it's mind on that. <g>

However, like I have insisted several times, in every market, there are rebounds from sell offs. I am currently looking at a Heikin-Ashi candle stick chart for the Nasdaq, and in the past year, never has there not been a significant rally each month. And likewise, never has there not been a sell off. A lot happens in a month.

I think we'll bottom out just below 1900 next week. I am currently prospecting potential candidates for long postitions when the time is right.

Zeev mentioned something about a significantly high number of new lows in the markets. Are we getting close? We'll see.
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