NEW Market Gems - Swing and Day Trades Message Board

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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades

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To: Jeff Jordan who wrote (230)	5/25/2001 3:24:57 PM
From: Jenna	Read Replies (1) of 1227

earnings warnings season about June 11. Actually what I'm seeing is an short term overbought nasdaq that is finally pulling back to acceptable levels. 5/20 we were hard pressed to find many techs that were not very overbought. Now the levels are more comfortable however as we move into the June 11 calendar date, we MIGHT have a few good days of of upside before we have more downside into the warnings season. Its like the Florida Hurricane season. We get a lot of thunderstorms and bad weather before the season, but that's nothing compared to the bona fide actual hurricanes and tropical storms we get DURING THE season. So I can see this as the pre-hurricane season with some days of sunshine (like South Florida Climate) I think we might get more downside around June 11, so enjoy this it might be the best we can hope for.

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