I can't understand why everybody is so bearish.

[GREHERT@xxxxxxx]

I can't understand why everybody is so bearish.  Bond yields keep dropping 
(bonds keep rising), yields now down 38 basis points, and the stock market 
keeps moving in lock step with the bonds.

When we reverse a correction like this, I like to measure the distance from 
top to bottom of the correction, and then I add that distance to the 
break-out point to project the top of the break-out move.  It's based on 
something I learned in physics 101: "For every axction there's an equal and 
opposite reaction."  This gives me the following tops (I try not to get 
greedy but lighten up as I approach the top.):

NASDAQ COMP:   2981
NASDAQ 100:   2574
S&P 500:   1456
DOW:    11521                       

See chart of NASDAQ COMP - attached.

Not a recommendation.  Just sharing my thoughts.

Best wishes,

Jerry Rehert

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