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Strategies & Market Trends : Trader J's Inner Circle
NVDA 186.95-3.6%3:59 PM EST

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To: stevenallen who wrote (45957)8/18/2001 10:22:06 AM
From: LTK007  Read Replies (1) of 56532
 
<I think the sell off is going to happen sooner or later no matter what the Fed does > it is inevitable.Market has a brief respite perhaps between now and the warning season,but except for quick trading,it is a market to be avoided.
But unless i get a suprise,i don't see the final bottom until sometime in 2002.Maximum rally is 2875,but don't see it getting there,not now,not later.PaxMax p.s. i see Ciena EPS for 2001 is now projected at 63 cents a share,and with their guidance they have reduced their growth estimates "into the teens".Consensus was 50% growth.It tanked to 18,it has plenty of room to go lower.
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