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Replies to #8795 on The Black Box
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wahz

11/15/03 10:53 AM

#8797 RE: gottfried #8795

I see. Thats what I expect will happen. I would be suprised by a forceful move up in the indicator which would take widespread strength.. its more logical that we get a blow off top and then consolidate, with a pretty sold correction thrown in there. We'll see, this can pan out many ways but I am confortable that the odds are we will be much higher in 2006

Its important to note that the spx has not done a whole lot in months but tagged a new high yesterday..i don't think this consolidation is bearish.