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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (91623)4/4/2000 9:59:00 PM
From: Lee Walsh  Read Replies (2) of 120523
 
So what's everyone's opinion here...lets have a poll...what does everyone think the market will do the rest of the week.

1) Did we see the bottom today and will we go up to the old highs from here

2) Will we go up a day or two and then take another dive and test today's lows.

3) Will we gap up tomorrow, then tank and have another wild day like today and test the lows tomorrow??

4) Will we trade sideways for a while??

5) Feel free to fill in your option.

I tend to think that we will probably test todays lows again....I'm not so sure that all the margin selling is done...probably some margin calls today that might have to be dumped tomorrow....but it sure seems like everyone that wanted out got out today. I think my choice would be number 2 above....probably a relief rally for a couple days...then maybe a couple days down to test the lows. I tend to think maybe tomorrow and Thursday will be up, then Friday probably a down day, due to profit taking. But I think today's low will probably hold.

Whichever way it goes....it sure is never a dull moment.

I've heard about every opinion tonight on all the talk shows....I'd like to hear some of the thread readers opinions.

Lee
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