Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (17310)	6/7/2001 9:36:59 PM
From: Dale Baker	Read Replies (2) of 30051

If this trading range continues for another 5 weeks, it will get us into the brginning of earnings reports, do you think that the next earning season will be worse (relative to expectations) than the last one? The July earnings season will be a forward-looking exercise. Market will discount all rotten Q2 numbers as a given and focus on who claims a turnaround is in the works with improved backlog, etc. I expect the optimistic players to get a quick rocket ride as traders pile in and funds with piles of cash on the sidelines start handicapping their horses for the expected new tech race. Just one scenario but likely given market psychology, IMHO.

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