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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (20356)6/27/2002 8:23:26 PM
From: Hawkmoon  Read Replies (1) of 74559
 
well, you know, each will be taken out to the woodshed, in turn, screaming, and out again, battered, yielding significant dividend rates.

Ahh... the terrible wrath inflicted by "creative destruction"...

But where there is crisis, there is opportunity (and you being chinese should understand that more than most of us Yanks)..

So now we have to find those companies who represent the "next wave", even if they are "boring" companies paying dividends.

But we all now have to await the fate of MSFT, which represents, by far, the largest proportion of the Nasdaq and a significant chunk of the DOW (P/E speaking). It should attempt a rally to $60-65 over the next couple of weeks or so, but that could only be a headfake rally which results in further downside:

bigcharts.marketwatch.com

There was a pennant formation which had formed on the weekly chart, but it broke to the down side and suggests a continuation of the downside trendline.

Hawk
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