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Jerry Olson

08/02/06 1:34 PM

#85948 RE: ajtj99 #85947

right i know that...1290 still heavy R there that's why it would have to print 1300 to breakout...

this is too overbought here now...but tell that to Mrs. Market<g>
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ajtj99

08/02/06 1:39 PM

#85950 RE: ajtj99 #85947

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jdaasoc

08/02/06 1:49 PM

#85953 RE: ajtj99 #85947

One would expect the upside move to come from this level and be a quick gap up move.

SOXX not going to be the leader IMO then who Energy increases just wacks the housing, consumer and retail stocks.

I'm of the camp that Lebanon/Iran coming to a head by end of this month. As it lays out it should get the market off the 1240-1280 channel.