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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Dave Gore who wrote (119048)12/14/2000 3:47:52 PM
From: hjz  Read Replies (1) of 120523
 
Dave, You can see from the move today that it was just short covering from the lows. There wasn't any momentum buying behind it today. I did not like the steep drop from the 3000 level on Wednesday , that was a bad sign. The FOMC announcement is the last thing that could return buyers into the market. Like the move on Dec. 5 when Greenspan hinted toward a neutral bias, we need a similar type of announcement or we could retest lows near the 2600 level.

HJ
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