Good, This market is going to rock upwards after this election crap is over. 2700 is the bottom. I bought some more qqq on this one. This run will last until feb /march and then drop again. During a bear market correction like this you want to look for three bottoms. With the last one being the worst. The first correction brought us from nasdaq 5000 to nas 3000. Then back up to nasdaq 4300. now we are back down to the 2700-3000 level which is lower than the last time. The market will pull us back to 4000 on the nasdaq and this will hold unitl feb/march and then the final drop will occur between feb and october of 2001. The bottom will hurt everyone. I think the bottom in the market is about 2000 in the nasdaq.
I have made my list of stocks to buy when this happens.
Avanex, pmcs, rfmd, brcd, brcm, jdsu, sdli, tern, adct, wfii, arba, tsix, stor, txcc, wcg. These stock are all
getting killed right now and I think they will really get smashed when the market hits 2000 next summer. Just watch. Nobody would believe me when I said avnx would hit 75 more than once. But look it is at 69 twice. |
