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extelecom

05/28/05 12:48 PM

#396121 RE: Zeev Hed #396111

Huh? Do you mean you "had"?
" Momentum wise, I have the 5/20 to 5/23 as a peak, so Tuesday could actually evolve as a G&C day closing down."

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Burk

05/28/05 12:54 PM

#396123 RE: Zeev Hed #396111

I would tend to agree that we're late in this rally...I guess the question will be how much of a retrace will we get? 2040? 2000? Or back to the breakout at 1970ish?

My leaning now is that once it starts to retrace, it might go farther than most think....we'll have to monitor it...for sure.

This is still in the context of a cyclical bull, imo.
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jwalk

05/28/05 1:05 PM

#396124 RE: Zeev Hed #396111

Zeev, do you have an opinion on oil? Are we in "double top" area or is the current up trend likely to continue?