Bull what has gotten into you, man alive. I do not rule out anything with this market but if you are right here, you deserve to make a bundle of money.
I just don't see at all. The Indices are overbought and turning down on the stochs on the daily charts, although there is room for more up, I guess there always is room.
The 60 min's look wedgie in the stochs (Dow mostly) as if we are about to have a big move but they mid ground and could go up or down.
My view is this run is over or near over, could extend into Monday but I think we will go and test the recent lows 1850ish
in a sloppy meandering way over the next couple weeks. Will not be fun to trade IMO and options will be prone to time erosion. Nothing dramatic until early Dec. if then.
I think we are range bound here as the market digests the move out of Oct. '02 and trys to figure out how much upside is really left out there. Each dip should be bought at support, I will buy at 1850 again as I did this last time. JMHO.
Good trading Bull
steve
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