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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: AllansAlias who wrote (95483)4/17/2001 7:56:55 PM
From: American Spirit  Read Replies (2) of 436258
 
Monday and today were for profit-taking, consolidation and seeing if bears could get anything out of earnings warnings. Now the die is cast. The techs are ready to rally again. Expect to rally until Friday at last then after another breather on into May's rate cut days, if we don't get a cut sooner. 25% up from here then the bears can start stirring again. But shorts are just in the way now, and they'll be trampled. And another thing, those stocks which have been hurt the worst may do the best once 2nd and 3rd tiers start moving. Today they were mostly down do nice-nice bargains. Hold your nose and see which ones you want to buy. use stops if you're nervous. Always sleep at night.
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