Ask DrBob Message Board - Msg: 17334811

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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	4/15/2002 8:32:13 PM
From: indexit	of 100058

charts/trading. Still looking like make or break city out there, and this market still feels sick. That said I bet we rally in the morning. CSCO was really dead in AH both before and especially after the lame ass interview on CNBC. Not sure what it means, but a little disturbing for getting long. There are some dow stocks reporting before the bell (I think) and that may help set some tone for the open. COMP stocks should gap up no matter what and I would expect a quick round of profit taking on the gap up, 50% retracement at least in this market. Now this is the trickey part, if the market is ok with the dow earnings then it should run a bit, if not then it closes the gaps and we see if we break from there. I suspect market will be ok with earnings and we could close at the high of the day, or near it. Just seems were due again in this messed up market. But staying up for a whole day can be very challenging these days.

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