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Thursday, April 21, 2005 9:19:52 AM
*Broader markets - Speculating at the Q's gap at 35.50 filling and the Dow going to about 10285 to test the recent break of a trendline which was outlined in the post I'm replying too #msg-6106334
After these moves are completed to shake out the excess bearishness here, then I would presume that the markets would continue their downslide and that the Dow would then be able to break 10,000 with conviction. Of course with everything on the markets currently so intertwined, this move could easily be abandoned with one wrong ounce of economic data, a key earnings report, or a world-wide tension developing, the dollar or commodities doing something crazy, etc...
If anything, the blatant gap in the Q's is giving the market reason to be bullish in the very short-term here...
After these moves are completed to shake out the excess bearishness here, then I would presume that the markets would continue their downslide and that the Dow would then be able to break 10,000 with conviction. Of course with everything on the markets currently so intertwined, this move could easily be abandoned with one wrong ounce of economic data, a key earnings report, or a world-wide tension developing, the dollar or commodities doing something crazy, etc...
If anything, the blatant gap in the Q's is giving the market reason to be bullish in the very short-term here...
HI-HO SILVER !!!
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