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Strategies & Market Trends : Waiting for the big Kahuna

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To: wanmore who wrote (44109)10/19/1999 11:54:00 PM
From: Lee Lichterman III  Read Replies (1) of 94695
 
I would be extremely careful here. If the trade report doesn't tank the market, then I wouldn't be surprised to see a rally for a few days unless IBM says some real bad things. EBAY could get a sympathy boost if AOL earnings are good tomorrow. Also EMC reports which may boost the QQQ as a back to back good report from MSFT and EMC could light a sucker rally in techs.

Just a warning that I do see some upside possible. There is also a possible inverted H&S on teh hourly DOW chart pointing to 10600.

Good Luck,

Lee
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