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Strategies & Market Trends : Dave Gore's Trades That Make Sense
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To: Dave Gore who wrote (4481)3/29/2002 12:28:08 PM
From: mishedlo  Read Replies (2) of 16631
 
Unforunately, on many days the easiest money is made in the first 20 minutes

Ain't that the truth .
Unfortunately that is a problem for those like me that go to cash at night. Often times it seems the bulk of a daily move on a stock is on a gap up or a gap down then we just drift about for hours before:
1)the days trend continues
2)the days trend reverses

The moves also seem smaller.
Also I note that INTC underperforms every rally.
Every attempted breakout is sold with a vengence.
I think some of this could be max pain related (INTC max pain is 30, and it sure looks like it is trying to get there) or perhaps INTC is about to warn and the big boys know it. MSFT is not acting so hot either. Just how healthy is it when MSFT and INTC are getting sold on every bounce?

Take a look at the action on NTAP, they keep driving that up to 21 or 22 on light volume at the beginning of every day then sell the crap out of that as well for most of the day.

For all the prognosis we have seen on "Spring Rally" based on fund inflows, we sure have not seen much. It is almost as if we needed these inflows just to prop the market up.

Certainly there was window dressing in AMAT which given its valuation, I fing totally disgusting.

No one is increasing capex, and even if someone did, AMAT is priced far beyond perfection.

M
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