OJ, I agree with your morning read...getting the comp 20 day. Regardless of the futures up on INTC, I wouldn't be surprised if they reverse down overnight, or turn down on emp numbers tomorrow. But any gap down should be bought...I think tomorrow's low is a nice place to buy...2000 will be taken, even if we churn down here for another week. Looking for a peak in another 2 weeks or so...could possibly take out 2020 and get 2040-50, but not much more IMO.
Posted by: mjk
In reply to: JimQuinceH who wrote msg# 251122
Date:5/29/2004 2:58:07 PM
Post #of 252819
Jim, you've got nothing between July 28th and Oct 13th?
I've got something similar to what you're saying, I was just thinking these two would both be lows, with a peak between. I'm thinking a short pullback right here holding 1940-50, rise until the middle of June but not really taking out the downtrend line off the highs (about 2020 now), fall into July with a possible retest of the May lows (Nas should make a higher low, but the Dow could get a lower low), then a strong move up into Aug-Sept making a higher high than the June high, then a final fall into Sept-Oct (another higher low), then rocket into Jan-Feb '05, taking out this years Jan highs.
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