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Strategies & Market Trends : Angels of Alchemy

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To: yossarian67 who wrote (17227)	10/13/2000 5:47:35 PM
From: amadeus	Read Replies (1) of 24256

it was an amazing day... played several bounces, sold AVGO, QQQ too soon, but after the last few weeks was happy to lock some nice profits in for a change. and I'm hopeful as well that today's move came at a significant time for helping some year end possibilities... but overall seems to me the naz has traded pretty much like an individual momentum stock for a long while now. quote.yahoo.com^IXIC&d=1y when the momentum is hot, no one cares about valuations... capital poors in, and everyone follows the momentum. when the momentum peaks, everyone stops buying, and shorts its down, justifying it all the way based on the absurd valuations...

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