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Strategies & Market Trends : Rande Is . . . HOME
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To: JLS who wrote (26496)5/25/2000 1:10:00 PM
From: Rande Is  Read Replies (1) of 57584
 
No conclusions. . .but consider this. . . I've heard several analysts TELL us that they expected traders to pull money off the table today in anticipation of the long weekend. What I hear, when they say that is that there will really be a rally late in the afternoon. . .perhaps even with a gap up in the AM. . .but not much after that. . .unless we see some volume.

Another thought is simply that we may be consolidating until Monday when more money gets pushed into the markets on strength.

And consider this. . . we have not sold off on this rally. And that is the first time that has happened in a long time. So if we can simply consolidate and hold right here and close on the plus side on the COMPX, we may be in a very good position from which to make further gains. . . .

But I still believe we are merely in an upward leg of a bear tech market.

Rande Is
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