News Focus
News Focus
icon url

Kimono

07/10/04 9:20 AM

#267576 RE: JimQuinceH #267572

Jim, are you long anything?

Also, explain what you mean by the turn date being on the 29th with a low on Aug. 8 or 9. I thought your last turn was for a down move, wouldn't the 29th be for an up move?
icon url

Zeev Hed

07/10/04 10:18 AM

#267577 RE: JimQuinceH #267572

If we break the congestion just under 2100 (I would say still the 2050/2069 zone), the following run might be quite explosive, and yes 2500 might still be in the picture, though it may be delayed by three months, I still have us making a new NAZ high before late September, however. You are now starting to see "value" in stocks like SSTI wich we have not seen for some time, and this without deterioration of the economic environment or the internals of the market.