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Non-Tech : The Critical Investing Workshop

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To: Jim Willie CB who wrote (8626)3/22/2000 1:13:00 PM
From: Jim Willie CB  Read Replies (2) of 35685
 
very interesting volatility statistic on Nasdaq, a positive

average daily trading range for NazComp:
March99 = 51 pts
January2k = 75 pts
March2k = 140

big volatility is characteristic to corrective periods within strong bull markets
big volatility does not typically precede large prolonged corrections
sounds good to me

beginning to believe NazComp will rally up to the time period just prior to May16th
that is when the next FedMeeting FMOC occurs
expect interest rate concerns to peak then
I would like to see 5150 challenged in the meantime

all the while, bonds are doing very nicely, tame as hell
30yr TBond yield seems somewhat comfortable under 6.0%
10yr TNote yield is possibly closing the gap, at 6.12%
very favorable for the entire growth stock sectors

/ JW
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