John L: Thanks for the mentioning my E-Trade forecast! Boy, the online brokers have been hammered!
I speculated that JNPR could hit the low 20's a few weeks ago when it was threatening 30, and it has done so, and is now having a technical rally to mid-twenties. Don't know if 23 will hold on a retest, especially if the Nasdaq gets into the 1800's, which is quite possible this Summer, perhaps in August or by August. Who would have thought JNPR would have hit 23 when it was almost 250/share last year?
Proves the points that Nasdaq stocks overshoot up and down, and that the trend does indeed tend to persist, and sometimes persist and persist and persist...
And that you need compelling technical evidence, such as a selling climax or at least real capitulation in order to risk a trend reversal trade.
Hope all is well with you, and how bout posting your faves for the upcoming (hopefully, LOL!) tradeable or final bottom?
Thanks,
Dr.Bob |
