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Strategies & Market Trends : Sharck Soup

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To: GREENLAW4-7 who wrote (16280)	4/15/2001 11:04:04 PM
From: Ron Dior	Read Replies (1) of 37746

I see EUROPE as the next shoe to drop, and when it does NASD will be hit by more earnings warnings, this will take her to the 1000-1300 range by late June early July. Then a rally in aug-early sept back to the 1700-1900 area, but the market will sell-off to the sub 1000 range in October!! Not to be rude but why do you waste your time with these wild guesses? Between now and Oct. you could not possibly foresee what will happen with the economy and even less the markets. The market is an extremist. It is not rational nor fundamental. You can look at charts and graphs till your blue in the face but it doesn’t change the fact that we could as easily be at the 5000 level by Oct. as we could at 1000. If you want to make munnee in this market you have to either think short or long term. Short term you need to figure out how high we go before a real pullback. As long as the shorts stay so sure of themselves we will continue to go higher. In the short term you should be riding the bull until the bears start to second guess themselves then sell the house. If you try to reverse this process you will lose no matter what the charts tell you. If short term is not your cup of tea then you should just buy the companies with real earnings and real growth, put them in your portfolio and sell them when it’s time to retire. Just remember if you choose the short term route, you might be able to retire much earlier in life but more than likely you’ll be doing it with a little more gray hair. Everyone tries to call the markets over the next six months so they can at a later date spew how insightful they were. If you get joy out of this, all the power to you, but as for me I would much rather put my efforts into something that will make real $$$$$. Ron Dior

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