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Strategies & Market Trends : Sharck Soup
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To: Softechie who wrote (25077)5/25/2001 1:06:38 PM
From: mish5000  Read Replies (2) of 37746
 
Softie: You think the NAS will survive the Earnings warning season? Can't see it myself. Greenspan has said that the economy is not out of the woods yet - and is targeting capex spending. There is nothing to suggest we have troughed economically - and given the evidence - there is no reason for the NAS to continue this upward trend. If we get to the 2400 level - I will be looking for a major retracement of this entire move upwards. We shall see.....
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