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Father Fred

02/23/04 12:44 PM

#208426 RE: Zeev Hed #208424

*** Update: ***

Just popped in for a quicky.

The Dow is gaining traction within a range of 10,500 - 10,675 or so. The program trading systems are currently shaking out the weak undisciplined traders, before taking the Dow to 11,500 within 7 weeks or so. perhaps even higher 12,000, breaking the Dow's ALL time HIGH
of 11,750.

A close higher than 10,675, and we continue our journey higher.

Program trading systems love to vacuum up all the loose nickels left behind by emotional traders.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID391186


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MarketTurmoil

02/23/04 12:46 PM

#208427 RE: Zeev Hed #208424

Took GLG off the table at 14.96 if the market is going to tank big time sellers could very easily bring everything else along for the ride.Edit I meant 15.96

MT