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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Voltaire who wrote (35984)4/18/2001 8:18:22 PM
From: t2  Read Replies (2) of 65232
 
V, So many skeptics about this rally. I have been predicting an explosive move for the Nasdaq for a week. There is just too many factors at work.

I still think the shorting mania is still intact; combine that with good mutual fund cash levels and things look pretty good for continued rapid move up.
Fidelity light on technology and I bet many other big funds are as well. Too much institutional money still to flow into techs. I wish they had not cut rates today---believe the gains would have been pretty good with even without the rate cut. A cut tomorrow would have even been better but I am not complaining.

Think tech stocks are the place to be. Too many factors at work.
Some shorts' TA indicated shorting at 1950 range on the Nasdaq and now they are going to higher levels.

I have been saying that the Nasdaq would cut through 2000 like a hot knife through butter. Mid 2000s and it stabilizes.

Just glad there are so many skeptics. The busiest threads still have the most bearish people on it. That is such a good contrarian indicator..to me. Just check on the SI homepage and take a look at the "clown free" or whatever it is called. That is where I find the most amusing posts..these guys are in denial. I got banned from it because I thought 2100 was an easy target due to the shorting mania. LOL.

Good Luck.
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