Any thoughts about when another profit taking or correction will take place in the market. Before this rally began, at the end of april or first of may, 32% of people or investors were bullish, now it's up to 69%. It is generally a positive sign when the number is below 50%, and the opposite is also true? I also hear about how people say that intel's fall was a gift. The stock will see 139 again, that would have happened even if intel wouldn't have given the warning. so, it may see 129 again after this great rally is over, unless the rally sees nasdaq 1550 and dow 8000 all bets are off. Just my thoughts and analysts.
Just for the record, compaq thought it could be taking market share from weak competitors, maybe dell is too. Just remember hwp missed its target, now intel and nike. Who next, not msft??? That would truly be the debacle of the nasdaq and techs. However, microsoft will continue to exceed with Gates at the helm. |
