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Strategies & Market Trends : WR's Momentum Trades

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To: Wayne Rumball who wrote (10875)4/6/2003 7:01:05 PM
From: ChrisJP  Read Replies (1) of 11130
 
Hi Wayne -- we could definitely see an "end-of-war" ramp job start to happen. And I do mean ramp job.

The economy still sucks and cost of security/defense will be a drain on the private sector.

Here's a chart for ya:

siliconinvestor.com

Notice how the NASDAQ hasn't traded above the red line (which represents a 250 dEMA) in 2 1/2 years ? Maybe it'll finally peek above it. It's barely traded above the more traditional 200 dEMA in that time either.

I own a little bit MTON, OMG, EMC, TALK, OCCF, SCLD and of course ..... a not so little bit of DVID, lol.

If we're gonna ramp up, maybe I should look at JAKK or NVDA ? JAKK was $10.50 last week -- now at $12.30 .... rats.

finance.yahoo.com

Chris
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