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Re: In4Luck post# 7935

Thursday, 12/17/2009 7:34:30 PM

Thursday, December 17, 2009 7:34:30 PM

Post# of 85924
I would not count on it. Many of my friends are expecting a nasty correction soon, maybe starting Monday, after options expire. But who knows for sure. One think is clear, the small caps have gone down to sideways the last 3 months, while the less risky stocks, blue chips have crawled up at a snails pace in a move to safety, and H&S patterns are showing up in many stocks and indexes, that look ominously bearish right now. I have no doubt we are in a new bull market, but it looks to me like like we have 3-6 months of sideways grind ahead of us before the next major leg gets past resistance to go higher (same thing happened in 03-04 rally) I would trade with extreme care right now. The one thing you all have going for ya here is the floor looks pretty solid, and is not far off down below. If it holds up the next few months, this might be a relatively safe new tech play for a few years, for those willing to wait for real revenues.