21 February 2007

A Bear Bruising Continued...

Bulls undeterred as CPI numbers, gold spikes, $60 oil or less than dovish Fed Speak result in a spike into the close. Buy the dips! Buy the dips...not until every bear buys the dip will this extended market rollover...until then I will leave you with this one factoid...

The Nasdaq reached its' all time high on March 10, 2000 at 5132.52.

So, in earnest, the 50% retracement level will be hit at 2,566.26, just 47.84 up from today's close.

Food for thought...jfg.

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