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07/30/06 11:35 AM

#17536 RE: RCKS #17535

Sounds Good Steve

Yes, back at resistance here so a pullback is likely. 11300 will be the next resistance so be careful of a gap up selling on Monday. Over 11300 there is the potential to retest the prior highs but as you say it is that time of the year when buyers are most cautious. If we do move higher then definitely trail up stops or look to take profits. I would not be surprised to see August trade like a W with pullback, rally, pullback until the first week of Sept when things usually go bearish again.

Hope you are catching some Profitable trades!
Have a Wonderful Weekend! :^)