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Strategies & Market Trends : The Thread
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To: Wes Stevens who wrote (43788)4/16/2001 5:47:40 PM
From: KevinMark  Read Replies (2) of 49816
 
>>>This market is in trouble<<< Wes, I'm glad you are short, but the dip will be bought in this case during the next 2-3 sessions. Many expected csco to actually lose on their eps as opposed to gain. I agree that the #'s are bad, but the sentiment is clearly changing from selling the bad news to buying it for the short-term. Everyone knows intc's #'s and guidance will be horrible, but that won't sink us down to new lows for the short-term imo. I suspect the weakness on Wednesday will be bought. We shall see.
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