Good Morning, Lets get started

dots Posted on November 29, 2005 , filed under Stocks | Print This Post

I’m getting indications that it would be a good time to completely exit the market since it appears to be overbought. Greedy short sellers have come out in force. I may decide to lock in gains with TSM and NT and buy them on a pullback. If that happens I will also load up on UMC since I expect the stock to go down a bit more if the market really reverses. If the remainder of the week is down, I expect we will go through a downturn that will last till mid December. This week should provide a good deal of direction for the first half of December. I am expecting the Dow to cross 11000 and the Nasdaq to cross 2300 by the end of 2005.

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