posted Jun 21, 2004 at 07:03PM
The near term importance of the 50dma. I really would like to see this broken before entering short term trades.
Buy of the century? Or an index rolling over. It is your money. Choose wisely.
I just came across an analysis which you might find interesting...interesting in that he still see this as a "wave 4 correction"....while I have been thinking of this as a higher degree wave 2......mind you I don't put too much stock in my ewa skills and neither should you..however one line I particularly liked was about how "stubborn money is getting smoked"...and of course that is long or short
I really do like cash until the situation sorts itself out
the analysis can be read HERE