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Pastimes : Techride

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To: KLP who wrote (3350)8/15/1999 11:33:00 PM
From: Blue Snowshoe  Read Replies (2) of 7442
 
The set up: The Nikkei is having a high tech rally

We have the start of the old one - two. Last time I checked Japan had its markets in high gear. At midday the Nikkei was having one fine Techride. A high tech rally is under way with the Nikkei up 1.8%. I expect Europe to follow and a Monday morning rally on Wall Street. The Nasdaq has corrected in a major way and many tech and internet stocks are over sold still.
So Monday should be a fun day. The only signs of inflation are at the gas pumps and there is no reason for the current price of gas except that the oil companies IMO are rip off artist.
The CPI will be key and we will know that on Tuesday. I don't want to jinx things so I won't talk of the what if of Tuesday.
The best we can do is be like the fox. I've got the plan a and b, etc. worked out in my head. It is wise to have a plan each day.
909S BLUE
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