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Re: marketmaven post# 241848

Saturday, 05/08/2004 7:18:47 PM

Saturday, May 08, 2004 7:18:47 PM

Post# of 704044
Hi marketmaven, thanks for the reply... I think SPX goes down too as well as the rest of the market, but not sure if it happens this coming week or not. What I am currently looking at is the set-up on the COMPQ and one of two scenarios to play out... (#1) We get a nice move up this week which essentially turn outs to be a head fake before this market sells off big time as the May 17th window slams shut OR (#2) We get a continuation down from here into the 17th and rally strong from there and climb the wall of worry as they say. Either way, I am sitting tight this week to see what the market says and will take my cue from this weeks action before committing any counter moves.


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