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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: marginmike who wrote (2255)1/5/2000 11:11:00 AM
From: J.T.  Read Replies (2) of 19219
 
marginmike, there is always an inflection point where fundamentals fail to call the turn in the broad market turn and it is the technicals that lead the way down. It is that point where advancces in stock prices already factor in and have built in that premium for future earnings growth. We are not there yet, but as you know well we are getting closer. I still think new highs are ahead.

This is another opportunity for QCOM longs to be sure. Most investors who aren't in QCOM probably feel everybody else is getting rich but them. And then when the market gets whacked 10% in 3 days people get that sick feeling all over again. Then its time to get back in. We are at that moment now.

Best Regards, J.T.
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