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Strategies & Market Trends : The New Economy and its Winners

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To: Jan Crawley who wrote (595)5/25/2000 5:09:00 PM
From: Bill Harmond  Read Replies (1) of 57684
 
I think the senior sector is the problem now...I could see 9500 on the DOW as the big-caps play catch-up. The volume is really picking up now, so I think we're days away. My portfolio is still holding above the April 14 low, but barely.

I have one broker who says the put-call ratio needs to get to out of complacency mode before the bottom comes in. A big-cap decline could inspire alot of options activity and satisfy his requirement.

Net-net I think traders are nearing the end of their shorting opportunity, and I think it's foolish for anyone with more than a 1-quarter time horizon to be selling here.
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