Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Buckey who wrote (35487)	4/17/2000 5:59:00 PM
From: the Chief	Read Replies (3) of 62348

All that banter yesterday from the DOOM saaayers - where did they go - I know the experts say that dont go buy the porche yet BUT they also said the close would be important Its not over yet, but my belief is that the worst is over. We will see volatility over the next week as the bears appear on MSNBC and try to scare people into making "them" money on their shorts. The rare "bull" will stand up, but will ride the fence telling everyone that if the market can stay above 3500 then we are well onto a recovery. My hope is that we have one more scare, dropping the Nas down to 3400 or their abouts, so people don't "pile into an unstable market. Then have an orderly climb from there. If we have too many 200 point days, then its all not worth it. The likelihood of 200+ days are high, which is too bad. Mutual funds were hoping they could cause the "retail investor to capitulate", this term was used by many analysts this weekend. My opinion is that this was a fear tactic so that their funds could buy in lower. So assuming that these funds didn't start getting in till late in the day, and my theory of $1 trillion in money sitting on the sidelines is true, then we could pop to 5000 in 2 weeks. What would that do? Probably make for a horrendous crash in June as the mutual fund money dries up and the investors bail out for the summer. So I hope that they continue to shake the tree for the next 2 weeks, to shake out the weak knee investors/traders. If the funds don't clamour into this market we could have a surprisingly good spring and summer and still maintain 3600-3700 on the Nasdaq. After all their are many stocks other than the Nas Comp, the Dow and the TSE 35 the Chief

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