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Strategies & Market Trends : Sharck Soup
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To: GREENLAW4-7 who wrote (36599)10/17/2001 7:27:12 AM
From: Sharck  Read Replies (2) of 37746
 
While valuations are indeed high(er) then the peak on naz at 5000 levels, we are daytraders. Seeing companies rally when the news is "not that bad", is a short term bullish sign. Whether it lasts a week or month, we should play accordingly. NVDA has not had a down day since I bought it@24 two weeks ago: finance.yahoo.com.
Now trading over 40.
INTC and IBM will once again set the tone today that things are not deteriorating further and that capex spending may be forecast to be on the rise.
Expect a big open and a last train scenario by the talking heads, this is one train I will ride at least to the next station.
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