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Strategies & Market Trends : Sharck Soup

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To: marc chatman who wrote (13973)	3/30/2001 9:29:48 AM
From: JRI	Read Replies (1) of 37746

Marc...I agree that there are some bullish indicators formenting....but like the oversold indicator....its just so hard to trust the long-side.....you may good enough to play it.....I like the safety on playing bounces (on the short-side).... CIEN tanking here at open...don't know what's going on there... Finally, i shouldn't mix fundi/technical....but I struggle to find how next week can be good for most stocks....A few that got sold hard this week could get some lift....but given how bad news is likely to be next week....(earnings warning after earnings warning....bad outlooks)....+ Tax thing + Lack of e-o-m buying.....Some big names (MSFT, IBM, etc)..should get should off in the next week...they got "overbought" into end of this week.. If the market does rise...I'll likely sit it out, and wait for more failure...Finally, SOXX is on the brink here..... Continued best wishes....enjoy the debate..

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