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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (48337)9/1/2000 6:34:29 AM
From: robert b furman  Read Replies (2) of 94695
 
Hi Bill,

Couple that with the extreme lows of Vix and we have a topping out market with extreme complacency as we enter the earnings pre-announcement period. I usually call earnings pre-announcement as the the month before the end of the quarter plus 10 days.If the market can fight up thru this it will display great strength.I'm not expecting that to happen so it probably will!

Looks like nya frittered away yesterday on its second attempt to continue its new lofty breakout - might be a good short here.

Caution flags are two tech giants Dell and Csco both woke up and had great days yesterday (we may be setting up for tech stealth recovery under the guise of pre-announcements).I've heard so much noise about cycle tops in an otherwise healthy and dynamic sector that the false story can only last so long before the reality of strong earnings busts up the 50-60 percent correction many of these great stocks have endured.

Bob
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