Tuesday, June 07, 2005

The "NEWS" IS NOT GOOD

"I think people are looking to Greenspan's comments and reading a lot into them, but in the end there's still a fair amount of confusion on the economy that needs to be sorted out," said Brian Pears, head equity trader at Victory Capital Management in Cleveland. "But unlike the past, when people got confused and sold, they're sitting there and thinking that as long as rates are low, I'm going to buy. People are thinking positively about the market."

**DOW 10,586 key level for short term bearish the DOW as per ewt Mon update.

Stocks are overbought, irregardless of todays rally, on the Greenman's words..I say BD

D

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