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S&P 500
5,567.19
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1.06%
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US TECH 100
19,840.40
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-0.03%
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BlissBull

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BlissBull

Re: None

Sunday, 08/01/2004 11:22:35 AM

Sunday, August 01, 2004 11:22:35 AM

Post# of 51808
On a weekly basis, we have a "key reversal bottom" on every one of the major averages. The reversal must now be "confirmed" with "follow-through thrust" this next week. In other words, if we get a strong opening on Monday, accompanied by an increase in volume, we are on our way to confirming the reversal. If the entire week shows a powerful gain (which is what I expect) the confirmation will be complete. It would be reasonable to expect a pullback the following week, but that would be the last chance to get aboard the departing train IMO.

-Bliss







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