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Strategies & Market Trends : Rande Is . . . HOME

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To: carepedeum2000 who wrote (27973)	6/19/2000 4:31:00 PM
From: Silver_Bullet	Read Replies (1) of 57584

Path of least resistance is up. Many are have been caught by surprise with this last move. I think it was more apparent that this move was coming. My reasoning is this. There just isn't any selling so the small amount of buying will make us move up nicely, and those playing catch-up will help fuel the move and bring volume. All of the selling occurred months ago during the peak of the momentum driven tech-train-wreck so the only one left are the buyers. The funds that I follow have very little cash left so they have been buyers in this tight trading range all along. Do we have the power to bust into the mid 4000's? I don't know, but momentum is building and we all know that momentum rules the market. It may take a few back and fills but I just don't see a correction any time soon. The many traders sitting on the sides in cash will help fuel the momentum as they try and play catch up. Thus this move could have been seen, I was lucky enough to get the full move today. I'm either bullish or bullsh*% but hope that I made sense. As always watch the bottom side and make sure the stops are in place. FT

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