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Harley
I suspect that we saw a short term double top today. The $COMPQ and $NDX
show it well. So does YHOO and possible AMAT. Depending on over seas and
after hours behavior, that might help you tomorrow.
Larry
_________________
Harley Meyer wrote:
> AMAT - I entered short 100 shares at 25 5/8 thinking that up 2 was
> enough. Guess not. It is now up 3. I still have plenty of cash. But at
> this rate I can get draw down quick. So I will be patient.
>
> KEA - the short at 30 1/2 actually make me a little nervous because KEA
> could go to 40 before it takes another breather. But I will hold and
> hang in there.
>
> Market - The NYSE up/down volume ratio was as high as 10 and is 7 now.
> The NASDAQ was as high as 17 and now around 13 for the same ratio. This
> is a very impressive day. The DJIA is up 169 points and NASDAQ up 57
> with S&P 500 up 22. If these ratios hold up for the day we could easily
> see a 300 point day in the DJIA. But profit taking will set in some time
> this week. Possible on Tuesday or Wednesday.
>
> Harley
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