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Strategies & Market Trends : Sharck Soup

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To: Electric who wrote (27430)6/13/2001 1:05:13 PM
From: Dave Gore   of 37746
 
Bottom Line - The market could go either way rather dramatically over the next few days and weeks. We all know that if the Market wants to go down it is because it is looking at the earnings and rev. warnings and the bad news in the here and now.

If, on the other hand, it goes up, it is because it is looking out 6 months and discounting the present. It is looking at potential improvement or even decreases in the slowing down of order pushbacks.

Let's face it, we are all gambling whenever we make a trade. T/A is not as useful as it used to be as they can move it up or down whenever they want, particularly in the doldrums when volume slows down.

So the problem is, you never know when the Market is going to take the glass half full or half empty approach or for how long.
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