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Strategies & Market Trends : Rande Is . . . HOME

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To: moufassa7 who wrote (50013)	4/5/2001 7:40:35 AM
From: moufassa7	Read Replies (2) of 57584

Amazin! The NAZ bottomed yesterday @ 1619, within 10 points of my 1610 potential target. We had a short covering rally in the last 1/2 hour to close at 1638. Futures are indicating a strong gap up this morning. So, what happens now? My best case scenario is a NAZ target of 2280 by Memorial Day. Worst case is shorts sell the opening gap and we head for 1500. Today I suspect they won't sell the gap. I think we'll have a strong day with maybe some selling in the last 30 minutes in front of tomorrow's employment report. There is a good chance that we may a pretty good short covering rally in front of us. Technical patterns suggest the shorts have run out of gas. I think it's time for the longs to have their turn. 2280 by Memorial Day?

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