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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (9420)10/26/1999 8:33:00 PM
From: Justa Werkenstiff  Read Replies (1) of 15132
 
Well, the NASDAQ in terms of QQQ is having a hard time of closing above 125. Previous highs was 129. Previous corrections were at 120 and then at 115 most recently. We may have started a NASDAQ pattern here of lower highs and lower lows consistent with the other averages.

Nets have held their own but were weak all day. Tomorrow should be interesting with EBay taking them down in the aftermarket for whatever reason. Hard to believe these companies can hold up so well in a higher interest rate environment. Rates are higher now than in August but the net stocks are higher now than then. But the same goes for the NASDAQ. Market has overdosed on earnings crack but will have to face cold turkey soon enough as the Green Man is not the Snow Man.
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