Don,
I agree with your range analysis, but I think if we are to break out of the range it will occur around the beginning to the middle of Jan, where we may see new highs IMHO. But after the new year euphoria, I am sure we will drop a bit, not to the lows we saw in November but into the range that we are in now.
I like range trading, it makes for great bargains and repeat buys and sells. I have noticed that there is seemingly a bottom for the techs and some are starting to move upwards, like SEG, HMTT, AMAT etc.. I would be hesitant until after GOOD earnings next quarter to go long on any stock though, and until then play the obvious money makers, IBM, MSFT, CPQ etc that are range traders..
I really think that AOL is gonna fall, and who is going to short it or buy puts?? My money is going to follow Judy and Tom recos as far as time, but believe me, it will happen.
E |
