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Pastimes : Home on the range where the buffalo roam
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To: mishedlo who wrote (10180)2/14/2001 5:45:58 PM
From: brightness00  Read Replies (1) of 13572
 
And what does it say when the report and forward guidence is bad, yet the stock rallies? IMHO, what happened today is a seminal change. If the market makers manage to blow out the put buyers and shorts this Friday, you'd better trade on the long side in the next month or two. Think about it, the market sentiments are getting more and more negative, and active participants are getting more and more frustrated, yet the market is making higher and higher lows since the beginning of the year. What does that say? accumulation! Do I think the market is completely out of the woods? I doubt it. I still believe that the NAZ will be lower than where we are three months from now, but for the next couple months, we will continue to have a up trending market. BTW, we might still get a re-test today's low in the next week or so, then we are off to the upper-end of the trading range.

Just my couple cents, Jim
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