Is the smart money coming back?

[robo]

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Donald Luskin thinks so, and his tech Fred Goodman agrees.You can read his article at the link below.

http://moneycentral.msn.com/content/stratlabs/round11/p114480.asp

 

[teknobucks]

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nice article on J Live: http://www.safehaven.com/article-2862.htm

overall thumbnail preview of current markets: http://stockcharts.com/def/servlet/SC.scan?s=runreport,predefall

going back into stox on monday...well half way anyway

order in for monday:

G 51%, C 21%, S 14%, and I 14%

effective COB monday april 11, 2005

tekno

 

[tsptalk]

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The smart money came back on3/28/05 when I went 100% from 100% G to100% stocks. :l

 

[robo]

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Tom,

Do you think we have to test1163 again before we can get back to 1225?

 

[tsptalk]

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I won't say "have to" because I think that may have happened already early last week (and we passed the test). If it does happen it won't be the worst thing in the world, as it will weed out the remaining weak bulls. But I think Friday's lack of volume on the downside tells us this may havebeen done already. If we do continue to pullback, Ithink 1170 - 1171 is more a likely downside limit but another 1163 test wouldn't be terrible.

 

[tsptalk]

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tsptalk wrote:

If we do continue to pullback, Ithink 1170 - 1171 is more a likely downside limit but another 1163 test wouldn't be terrible.

So far so good, if 1171 holds.

 

[robo]

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I sure hope your right Tom! I'm back in the market, and this is the perfect BEAR TRAP!

I justwould hate to see a break down of 1163, and head down to the 1150's.

But If that is the only way to get to 1250 then bring it on!!!!!!!!!!!!!

 

[tsptalk]

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LOL! If you are feeling nervous, then things remain good.