This thread has gotten pretty quiet...since were into "Art of Investing" including blackjack...
I've been bouncing in and out of the market so far this year watching the techs generally and been fortunate to catch the dips and play the rallies, mostly on technicals [it certainly wasn't on fundamentals <g>]. Anyway, I got into the techs again a few days ago when the NAZ bounced off the near term bottom and was planning to stay and ride for 43-4400 and was quite troubled by the bond action today. I do not claim to be an expert in bonds and don't trade them.
The technicals tell me the techs will continue to rise from here probably going past 4400, but "the gut" told me to exit...something just didn't look right; at the close I went to cash. I'm comfortable with the exit, right or wrong. I'm curious, other than the proverbial "overvalued NAZ", what's the threads view on the near term for the NAZ.
I look at January activity, i.e., the mythical January effect and the "expected" post Y2K money pouring into the market and note that while volatility was there, the markets ended up nowhere; conclusion: sometime in February the markets, especially the NAZ, are going down TBD%, where TBD is greater than 14.
jttmab
jttmab |
