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Strategies & Market Trends : Don't Drink the Kool-Aid Kids

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To: AugustWest who wrote (964)10/28/2001 12:21:22 PM
From: Bob Duncan  Read Replies (1) of 1063
 
Interesting thoughts on QQQ trading action.

My take is the QQQ likely will sell off a fair amount the next couple of weeks. This is only because the viewpoints on all the wires seems to be "bad news doesnt matter" and that we are going to rebound next year so "buy anything and everything" now.

These are the same people that said stuff like "stocks may rise due to patriotic buying when markets reopen" We all know what really happened.

That and Realmoney.com is now bullish - a sure sign it is time to go short for a couple of weeks.
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