WR's Momentum Trades Message Board

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Strategies & Market Trends : WR's Momentum Trades

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To: Bernard Ng who wrote (8904)	11/26/2000 7:21:58 AM
From: ChrisJP	Read Replies (1) of 11130

Hi Bernard, wellllll Wayne said he appreciates T/A on the thread, it just so happens I've run into a bunch this weekend that looks kind of interesting. I am just the messenger posting some links to the pros. It is interesting that they all apprear to believe that we may have put in a near term bottom, probably because we've just had 2 1/2 weeks of intense selling which was preceded by intense selling throughout Sept. and Oct. That's a lot of selling, lol. I think they also believe that there will be a boost as the election saga nears an end and they think the market will climb in anticipation of the next FOMC meeting scheduled for the 19th. Presuming there are no high profile surprise warning or downgrades between now and them. So hopefully, if they are right, the wind will be at your backs for a few weeks between now and year end. Any thoughts you might have would be appreciated. This one comes from a guy who posts on the "56 Point T/A" thread. geocities.com Metamarkets is a hedge fund that posts their trades in near real time !! They are developing quite a following: community.metamarkets.com Wayne will recognize this one from Vendit: Message 14874245 Zeev Hed is always good for a prognostication or two. <g> Notice he starts his post with the word "If": Message 14877539 A weekly chart of the NASDAQ saved my butt in Sept., and it is hinting that we are as oversold as we were when the NASDAQ plummeted in April. siliconinvestor.com Even if we rally, NASDAQ 3400 looks like a tough ceiling to break. Williams%R looks like a good guide on both the daily and weekly charts. Currently it is nowhere near 50 on either of them. Regards, Chris

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