Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: wlheatmoon who wrote (23776)	3/16/2000 7:32:00 AM
From: Jerry Olson	Read Replies (2) of 63513

Mike & John just looked at the NASD on P&F... firs line of support is 4480 it's luke warm, next hard support 4320 which brings this index right to the middle of the trading band on the chart.. i would think this would be the end of the correction for now..from the top at 5100ish to say 4300, thats 800 points and about 16%..thats big enough i think.. so while we are all cautious the only thing that is happening is a rotational correction within the confines of both markets now...no sellers exist they just move their money around... we are still in a bullish time frame for the markets, and earnings for this quarter could be the best ever for the big cap techs, semis and wireless co's.... while we know AG is going to raise .25, i think that will be the last rate hike for awhile...housing is falling out of a tree now...should trickle down to the whole economy soon..and this IS an election year... all in all quite bullish for the markets... course i have to contain my overall bullish nature, it's gets my ass handed to me once in awhile...<g> OJ

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