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 Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (56781)7/25/2004 3:32:58 PM
From: charlie mcgeehan of 57583
 
interesting comments. all the major indices are below 200 ma and that is now resistance and not support. i am more inclined to be shorting rallies at this point...at least your comments have made me stop and think.

most good traders that i know expect a very bearish year next year (after the election) but the past 5 or so months have shown all the signs that i look to before a market drop...many, many leaders seem to have topped and the overall market has shown continuing signs of uncertainty which usually precedes a decline. if we had been in a range of tight narrow movement i would be looking for a breakout. i see more than a few charts looking like they did in 2000. i don't really care who is right here...just want a change from the whippy uncertain action.
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