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Strategies & Market Trends : Sharck Soup
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To: Softechie who wrote (20736)5/7/2001 1:07:39 AM
From: DlphcOracl  Read Replies (3) of 37746
 
softechie: The NASDAQ euphoria will (IMHO) continue right through this week, going into the Fed meeting. The CSCO report, regardless of how bad it may be, will have little effect on the NASDAQ. However, this rally is purely driven by a shift in investor psychology -- not by fundamentals. It is still not clear that there will be an earnings recovery in Q3 or Q4.

Personally, I am hoping that the NASDAQ rocks up to 2500-2600 by the end of the week. At that point, I will be looking to load up on the ProFunds USPIX shares, which shorts the NASDAQ 100 and leverages it by 200%. Remember, what goes up must come down.
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