Market Top ???

J

jrs3

Sure looks like one, I must admit I said the same thing back In August when saddam sons were killed. Only time will tell, once that 50 dma starts to arch over it is over, next stop 200dma.
 
Quote from jrs3:

Sure looks like one, I must admit I said the same thing back In August when saddam sons were killed. Only time will tell, once that 50 dma starts to arch over it is over, next stop 200dma.
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i would like to agree, but the volume was nowhere near enough to signal a top.
 
No top till Bush is re-elected.

Look at the action since Monday..a 150 point reversal..and we are only 40 points off yest. dow Hi.

Depsite...WMT on low end of guidance...TGT reducing guidance,

and the ultimate consumer proxy BBY getting clipped for 13 points in the past few sessions.

This is one tuff environment..no day shall resemble the prior.

I need a vacation!

Best,

David
 
The Great Favot predicts the Dow will stay at current levels and increase slightly until November 2004.
Barring disasters natural or otherwise.
The Great Favot has spoken.:eek:
 
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