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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Softechie who wrote (76010)6/7/2002 1:19:34 PM
From: Ted Downs  Read Replies (2) of 99280
 
? I think it has to be coming from old economy companies and not techs...they're too numbed to think with techs...


That's a possibility, but after 2 plus years of numbing more negative news loses it's shocking power. If more green starts to appear today and this thing closes up then what.
I also think gold stocks have shot their wad. However I don't have the guts to short them particularly going into the weekend.
If this market closes up we've seen the short term bottom. If not then we have a few more days of churning and without a disaster over the weekend the selling may stop. When the selling stops there is only one way it can go and that's up.
Monday could be a good day to short gold rather than today but I guess you're just thinking about it right now.

Ted
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