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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Smart_Money who wrote (93061)4/5/2000 12:04:00 AM
From: $Mogul  Read Replies (2) of 108040
 
In case you did not see my previous post.. it was a orchastrated shakeout I feel.

We lost 1200 points from the 5k high to the intra day low today..about 1200 pts.... now that should be the short term shakeout.

I think we run up to earnings, then retrace again. The test will come before Summer Dolldrums, to see how strong we can hold, and if it is weak and no support which Idoubt, it is entirely plausable to see 2600 on the NAS, especially if the Dow is weak and corrects too.

Also.. I also know that many MM's inventories got crushed today, so i look for a bounce ..they have to make back some money..heck April just started.
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