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late bloomer

06/06/05 2:54 PM

#398404 RE: ogm #398375

I've been expecting some kind of blowoff top, but it's looking more and more like stealth distribution into some shaky "good news" (fed done and INTC/semis rockin'). Sometime this week a short term top is coming - good for at least a pullback to Naz 2000 and/or QQQQ's 36.50 ish. I'll take advantage of any headfake spike ups (the INTC mid-Q?) to add to short positions. All IMHO.