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FinancialAdvisor

05/26/05 10:43 AM

#8328 RE: FinancialAdvisor #8325

*Nasdaq fib resistance, should the market break the 2076.32 fib resistance, then a quick jolt to 2100 seems feasible, while I favor that it will fail and perhaps fall short of the fib slightly and at least fall back to test the prior fib resistance/support at 2040.72, or even yesterday's low of 2041.95.

Eventually the gap sitting between 2004.15 & 2007.20 from 2 weeks back will fall... and technically I will reiterate, the markets are looking to put in a top in this general area... and given the bull surges in high profile stocks recently such as INTC, GOOG, AAPL, and many others leads me to believe that a lot of the "bull cash" is already at work thus giving more credence to my call of a top in this general area and my 3rd & perhaps final sell warning that I issued earlier this week... #msg-6450770