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Re: None

Thursday, 10/13/2005 2:48:42 PM

Thursday, October 13, 2005 2:48:42 PM

Post# of 1910
Starting to buy UOPIX for the oversold bounce. The decline is about 13% off the top which should equate to 7% off on the Index. I think it's reached a point were it should provide some consolidation from short covering.

NDX weekly is right on rising support and a green day today should help slow selling momentum. I'll cost average down if it heads lower but this is a short term bounce. I don't think people are completely disgusted with the markets yet. FWIW - Apple has a nice video Ipod out now. The well-to-do's children will be asking Santa for this one.

Review the Components of the NDX. Lot of daily oversolds here with a technical reversal due. Weekly they are mostly riding high. #msg-7944198









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