thanks lee and sk----- just now got this in the e-mail---from spear report, which had been gone stepladdering long for intermediate swingtraders since 3/14 -had going 50% invested to 75% to 100% (at 1490) to 125% invested at 1568 to 175% at 1680, has now pulled the cord.
<<MARKET DIRECTION
For those Pro subscribers trading Index proxies (ETF's, futures, Rydex) the
following information may be useful.
Short-term Market Direction: Down (reversal in progress)
QQQ target: (Was $32.00; 31.47 attained) Now, initial target is $29
SPY Target: (Was $102; $101.40 attained) Initial target $93.
Intermediate-term Market Direction: UP
Dow Target: 9132- 9375 (this zone attained)
S&P Target: 1022 initial target (1007 attained)
Nasdaq Target: 1675-1740. (1684 attained)
Long-term Market Direction: Down
The Dow and S&P 500 bear markets may complete in late 2004 but it could
take until 2006. The Nasdaq Bear Market will most likely complete in
2004, but the lows for many small-cap Nasdaq stocks are certainly in.
Executive Summary
<<Congressional news about a Medicare drug benefit sent a number of
healthcare names higher on Friday. <bHowever, the market finally put in a
high volume reversal day that feels like the start of a correction that will
last at least a few weeks. It is time to protect profits on long positions and it
is probably too early to think about buying dips>> via spear report.
Market Data 
Markets 
AI
