Replies to post #202 on WR's Momentum Trades (TITT)

[ChrisJP]

Hi Bernard,

Yes I know you are partial to Scenario 3, who knows short term ? Longer term, I think you will get your wish.

My brother follows a T/A guy at the metamarkets web site. This guy tracks price/volume patterns and actually thinks Scenario 1 will occur to some degree. I'm not sure of course, but the "2 or 3 weeks left" approach seems pretty safe for now.

I've got one for you to look at - CICI. What do you think ? I'm not so sure about it.

http://www.siliconinvestor.com/research/chart.gsp?lotemp=&period=120&chart1=ma&s=CICI&am...

Take care,
Chris

[ChrisJP]

Hey Bernard, looks like maybe you could get Scenario 3 ! lol

As you can see we could get a test of the 50 dMA support. I think I saw some stocks like NTAP hit theirs today.

http://quote.yahoo.com/q?s=^IXIC&d=c&k=c2&a=v&p=m50,m200,e50,e200&t=1y&l=on&...

Shouldn't affect the "underworld" just yet, lol. But if we start heading down again ...

Chris

[ChrisJP]

Well Bernard, looks like scenario 2 is in effect, nice call !

But for how long? lol.

http://quote.yahoo.com/q?s=^IXIC&d=c&k=c2&a=v&p=m50,m200,e50,e200&t=1y&l=on&...

Looks like a set up similar to July/August 2000. Of course, will another rate cut get things going ? or will reality set in ?

The OTCBB should be fine as long as the NASDAQ doesn't plummet again. It looks like its walking a tight rope, doesn't it ?

Chris