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Strategies & Market Trends : John Pitera's Market Laboratory
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To: IndexTrader who wrote (326)3/7/2000 10:37:00 AM
From: Chip McVickar  Read Replies (1) of 33421
 
Hi Susan,

I agree with you.... The markets are sitting on 50/50.
Especially for the next few weeks. I believe they will be range bound for the near future. The SPX looks awful this morning?

IMHO....I do Not expect any significant moves down, without some defining event to change investors perceptions of the markets as a place to save for the future and a place to accumulate wealth. Fed's activities are being seen as cautionary and prudent.... They may keep the markets range bound but will Not kill them.

I also don't expect any huge up moves within the broader sectors, the economy is strong, some sectors are improving and we seem to still be enjoying the powerful productivity gains of our technological advances.
Why shouldn't this continue for another 20 years....?

The Nasdaq is undergoing a significant structural change as young brokers and momentum buyers are buying the tech future today and forgetting the old 'company economy.' Will this lead to a strangle and cause problems...?

Is it *Real* and/or is the new market a joke..?
The parabolic rise of the Nasdaq looks like any other penny stock supported by speculation and eventually dropped by the players to the public..?

Is it *Real* or just a Video Game..?

Chip
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