tag:blogger.com,1999:blog-11789233.post114409615830821869..comments2023-11-02T03:53:15.874-07:00Comments on The Slope of Hope.....with Tim Knight: Rally Gets the Wind Taken OutTim Knighthttp://www.blogger.com/profile/02142044637710306701noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11789233.post-1144191797557909342006-04-04T16:03:00.000-07:002006-04-04T16:03:00.000-07:00pb,11430 first, then we will talk :).pb,<BR/>11430 first, then we will talk :).kapil khannahttps://www.blogger.com/profile/16965534926697348382noreply@blogger.comtag:blogger.com,1999:blog-11789233.post-1144105518897961222006-04-03T16:05:00.000-07:002006-04-03T16:05:00.000-07:00Signs of an intermittent bottom on the DJIA appear...Signs of an intermittent bottom on the DJIA appeared last friday. With today's price action it appears that a lot of steam is required to break out of the all time high of 11430. I think there was more profit taking than bear action on the way up. The bears are no where in control at this price, only weaker bulls cashing out.kapil khannahttps://www.blogger.com/profile/16965534926697348382noreply@blogger.comtag:blogger.com,1999:blog-11789233.post-1144098922161721992006-04-03T14:15:00.000-07:002006-04-03T14:15:00.000-07:00Earnings season - didn't we just go through this c...Earnings season - didn't we just go through this charade? If you take by that comment that I don't think earnings are worth the paper their printed on, you're correct.<BR/><BR/>Regarding "steam: - right now 5 out of the 9 spyders appear to be oversold and they could be on the verge of turning around. Two others are overbought and two are neutral, could go either way. So given that the SPX itself is in a neutral zone I still make a stronger bull than bear case.John Wheatcrofthttps://www.blogger.com/profile/07035854131151519369noreply@blogger.com