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Justa Werkenstiff

05/24/04 5:01 PM

#25940 RE: Justa Werkenstiff #25919

Market: There are some bulish hints on some daily charts. Is it real or opex haze? Maybe a little of both. Dunno for sure. BUT, whatever is going on it ain't going anywhere fast imo unless gappy shows up to do his thing and even that should fail pretty quickly.

On one of the more important short term sentiment indicators, I have not had such complacent readings since May 5th when we closed at 1957 and that marked a short term top. One more day of up should get that one to the frothy level.

On a nasdaq sentiment indicator of lesser importance, there is an outright sell on the naz. This is unusual.


There is nothing here to get bullish about short term.

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tantal

05/24/04 9:50 PM

#25951 RE: Justa Werkenstiff #25919

Justa, what do you think of #msg-3147891

A&E forming?