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Re: Burk post# 430660

Saturday, 10/15/2005 9:53:03 AM

Saturday, October 15, 2005 9:53:03 AM

Post# of 704049
Burk, I am watching to see how things develop in some key market internals. Right now the minimum downside has been fulfilled in the nyse. Problem is that it is continuimg lower. This setup is a very powerful formation and can also begin to break to the upside as well and indicates that we will see new highs on the nyse should it happen. If it breaks to the downside then we could go to 8500 on the dow. I tend to lean more bullish than bearish right now but am on the fence until the market speaks. Ideally we would get another round of selling but possibly not. If you would let Abby out of the house then we could get that drop. g

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