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Strategies & Market Trends : Guidance and Visibility

AAPL 271.84

-0.4%

Dec 31 3:59 PM EST

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To: DebtBomb who wrote (62949)	7/28/2002 9:36:39 AM
From: Softechie	Read Replies (2) of 208838

How many more weak hands left? I thought they wrung out many weak hands at Nasdaq 2000...LOL! Posted by: Zeev Hed In reply to: mlsoft who wrote msg# 8964 Date:7/27/2002 7:33:03 AM Post #of 9085 To make a long story short, the process of the last few weeks has eliminated a lot of "weak hands" selling, Their absence will be the driver of a higher market. All the "uncertainties" you cite, are the proverbial "wall of worry" that wall street loves to climb. Actually, the uncertainty is less than it was last September and October. Then, a number of airlines were on the verge of bankruptcy, hotel chains and restaurants were reporting dismal occupancies and the uncertainty as to the impact of 9/11 on the economy was was growing by leaps and bounds, and what was the market doing? The Naz advanced full 50% Why? During these first two weeks after the market reopened, any potential seller, sold, there were no sellers left to stop the rally, and ample fuel from short sellers buying. Zeev

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