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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	7/21/2001 7:46:05 PM
From: mish5000	Read Replies (1) of 37746

After spending Hours looking over the NAS Charts this weekend, I believe that we are going to see a Strong Upside Break in the upcoming days/ weeks...I would be looking to at least the 2300 level at first, and possibly as high as 2500 - 2800 would not be out of the question. Think about this: Once earnings news is all out of the way (very soon), warnings will disappear for at least a few months, then what will we have to trade on? People are inherently optimistic and once they snap out of their trance like pessimistic states - the markets could rise very quickly as "no one wants to miss the party boat" after months of frustration...... I am actually suggesting that we could see "reverse" capitulation, where people are just so fed up with negativity that they buy to satisfy their inner craving. On the other hand, a break of 1900 and the scene changes dramatically....LOL....Gotta love this market.

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