if you haven't already heard, the Dow broke into
new highs! I'll be darned!!!
(good thing I
officially changed my outlook on the general market
now I'm looking for some good news tomorrow
seriously....I'll bet a whole dollar paid to "Ronald Mc Donald
House" that rates don't change
pretty quiet on the ODP board recently, which follows a
period of "despair".....makes me wonder if the bottom is
when the big dogs are finished dressing up their
portfolios's and weeding out the losers. Some tax loss selling
could still take place, but IMHO you will see a selling
climax around the end of Sept. Thats the time to buy.
You can probably make 50% off the bottom by the end
of April "00. Ya' just got to play the game right.
Does any one think the lower price makes an
atractive propsition for a take over by some one? there are
a lot of bigger companies out there with deap
pockets that surely would see the potential this company
I was just curious, since looking at the charts I
would think there are a fair number of others in the
same boat you are in (i.e. stopped out in the 16's and
waiting to get back in). When you guys get back in I was
thinking it might create a rally (or short bounce)
depending on the mood of the sideline players.
ODP still looks like a bit more
downside.....stochastics are way down there, but no signs of turning
I don't even want to discuss the
however, while candlesticks didn't make exactly a "doji",
it is pert'neer one.....maybe a "mild sign" that
reversal is comming???
add that to "wrong way
merill's" top anal-ists predictions.....and the recent
sense of dispair on this board.....it all starts to add
up to a "bottom".......
still waiting for a
real "reversal pattern".......
so I guess I'm
sayin' I ain't exactly backing up the truck yet, but I'm
hookin' up the jumper cables, and sprayin' a little ether
in the carb.....see it I can at least get the darn
thing runnin' so I'll be able to back it up when the
time is right!
general market looks pretty
good! Transports broke off the double bottom very
nicely and had a real good day today.....not a
confirmation of new Dow highs, but a nice take