Replies to post #338 on WR's Momentum Trades (TITT)

[ASAP]

Heard a rumor,

that he's going to short the entire OTC the day before departure. lol

[ChrisJP]

lol Bernard,

I think you could be right about Wayne taking a month off.

I'll always remember when he was forced to go to cash in March 2000. The Bubble collapsed ! I personally blame him for what happened to the stock market for the 9 months that followed. <gg>.

I don't think the OTCBB looks sick yet ... but maybe we are seeing signs that the "jumping on the bandwagon" has gotten a little excessive. IMO, As long as the NASDAQ is crawling up its 50 dMA, the mo-mos will continue.

Chris

[ChrisJP]

One more OTCBB observation Bernard,

I've noticed that the opening "next day gap and run" on a lot of these stocks seem to last until around 9:35am ... if that long. That is definitely not a good sign. Especially when the stock does not trade higher than it did the previous day.

To me that is a sign that this current rally might be nearing an end.

Chris

[ChrisJP]

Hey Bernard !

One more week before "Tomb Raider" hits the big screen. The pre-theater hype is stepping into high gear.

Saw the MTV special on it last night. I may have to do something I rarely do .. and that is see it on opening weekend. We usually wait 3 or 4 weeks. But we're taking my son to his summer camp in Indiana the weekend of the 22nd and the weekend of the 15th is the only one available for us.

But the thought of waiting in line and getting tickets and so on .....

Sounds like a job for "Mall Raider" !!!!! :-))))

Chris

[ChrisJP]

Welllll Bernard,

Amazing bounce off of 2100, huh ? All I can say is that the NASDAQ's magnetic attraction for its 50 dMA must be verrry powerful !

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

I just realized that the S&P 500's moment of truth is getting pretty close ! Take a look.

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

Take care,
Chris