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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts.

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To: gemx who wrote (1996)	4/18/2006 1:01:51 PM
From: Moominoid	of 2290

I suspect something bad will happen to the market at 2pm when the Fed minutes are released. Looking at the performance of the NDX and HHH etc. in the last few months I don't think people are anticipating great earnings reports. I think GOOG estimates are still way too high. finance.yahoo.com Estimate Actual Actual Growth Mar05 0.92 1.29 Jun05 1.21 1.36 5.4% Sep05 1.36 1.51 11.0% Dec05 1.76 1.54 2.0% Mar06 1.98 And now the analysts are betting on 28.6% sequential earnings growth for the March quarter?! We will see... but it is hard to buy that.

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