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Nirvana

01/02/07 3:27 PM

#2240 RE: 2X-Be-Me #2239

2x I am expecting/hoping for something very similar

A little up and then expecting the steep decline to take us towards the 200 dma at 40.4x range.

Wishing all the very best in 2007!!
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oxbird

01/02/07 4:41 PM

#2242 RE: 2X-Be-Me #2239

That sounds realistic to me....but actually, the only reason is see for any rally whatsoever is just the likely influence of hype and over-confidence. I see nothing on the charts that is particularly bullish at all. We are accustomed to seeing things go up at every point of support and we are pert near dead on support as of last Friday's close on the NDX. Amazing as it may seem, it is possible for the markets to fall below support and actually correct.