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Naz is "doubled up" right now

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gym gravity   Wednesday, 11/11/09 09:48:51 AM
Re: gym gravity post# 613
Post # of 641 
Naz is "doubled up" right now

up .72% while dow and s%p up about .3

the 10.2% unemployment rattled the market a tiny bit and the dollar had a bounce, but because there wasn't a one two punch of back to back negative news, bears can't get traction so as long as countries are saying "we're not ready to turn off stimulus" intest rates will be low. I think only India is the only coutry posturing to turn off the faucet.

good economic news in asia today + what I think is a TA rally right now because an 1100 close on the S&P is tempting some buyers, I think as long as we have these frequent 3-5-7% corrections...I count at least 6 on the S&P since May...this can go on for quite a while...

even if the naz turns out to be a head and shoulders I think it won't be a major one. everything looks too much like 2003.

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