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opnion

10/15/05 9:53 AM

#430664 RE: Burk #430660

Burk, I am watching to see how things develop in some key market internals. Right now the minimum downside has been fulfilled in the nyse. Problem is that it is continuimg lower. This setup is a very powerful formation and can also begin to break to the upside as well and indicates that we will see new highs on the nyse should it happen. If it breaks to the downside then we could go to 8500 on the dow. I tend to lean more bullish than bearish right now but am on the fence until the market speaks. Ideally we would get another round of selling but possibly not. If you would let Abby out of the house then we could get that drop. g
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opnion

10/15/05 10:03 AM

#430666 RE: Burk #430660

I also forgot Burk, my "tasty cake indicator" is at 217% so a change in trend usually occurs within 3-7 trading days when it reaches that level so the turn may have came. I posted on thursday morning during the drop on Joe's board to buy the semis and bios in the nasdaq. That is still the case. The $bpcompq has a few more percent to possibly go on the down side before I feel it has retraced to where it might have been going. That can happen in 1-2 days of selling. $Spx also is just a tinch away from a pnf sell signal but could also form a double bottom and reverse up, we'll see. Keep up the work and don't let the paid shills and cohorts get to you. If you need to ask anyone that is honest ask Lee Kramer. I do respect him and value his input and he isn't a fake either. However his choice political persuasion and baseball teams could use some Southern charm and influence. lol Nonetheless, he is an ok dude, so are you except for the fact that you have Abby the leper. g