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Strategies & Market Trends : Sharck Soup

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To: besttrader who wrote (16202)4/13/2001 6:18:36 PM
From: DlphcOracl  Read Replies (1) of 37746
 
knight8z: I don't care what the NASDAQ does next week -- I am not chasing it after it has gained 20% in one week. The earnings reports and forward guidance from nearly all companies is still miserable and I cannot believe we will have a "v" bottom. Although this rally may have legs to NASDAQ 2200, there will be another dump (possibly, several) over the summer between now and October. There will (IMHO) be other opportunities.

I missed this rally completely -- so be it. I will be more inclined to jump into the tech fray as we get further into the year. By then, the first two of the Fed rate cuts in January should begin to have an influence on the market and tech bear market will be quite long in the tooth. I think this will be a long, hot summer for the techs.
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