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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: TheStockFairy who wrote (33061)4/13/1999 2:16:00 PM
From: J. P.  Read Replies (2) of 86076
 
Nasdaq volume is 950M shares with 2 hours to go. Wow. And down 19, I really think the COMPX is ready to do a major swan dive. I only thinking the 9 month cyclical move down to the 200 DMA. And it seems each year everybody forgets this happens, and each year they act surprised when it does.

I don't think this breadth pickup means much, since advancers are still barely beating decliners, could be a dead cat bounce in the A/D line. And a lot of internet junk is still in that mix.

I expect Intel will beat estimates by a penny or two, and then give a story about how incredible the next couple of quarters look. Even though I know nobody is dense enough to believe it, the only thing that COULD push it higher is this tremendous amount of excess liquidity that's been around.....it will be interesting...
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