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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: SMALL FRY who wrote (73084)11/23/1999 8:22:00 PM
From: Tradelite  Read Replies (1) of 120523
 
Small Fry...you mentioned Thanksgiving market trend...Just finished listening to a local stock broker guru. Also checked out the put/call situation in today's IBD. Downright scary.

The big boys, the smart money, and the rich money look and sound like they intend to short the daylights out of the market tomorrow----about a 65 percent chance of a violent downdraft in the way-overextended Nasdaq, according to the guru. The bears can hardly wait!

Have made my own predictions and will wait on the sidelines to see if correct. I say the market opens as usual, maybe even on a positive note. At the height, down will come the shorts. By the end of the day, massive short-covering will have already begun or might even be finished. Friday should be a great day if you have cash to buy. MY OPINION ONLY, of course!!
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