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Strategies & Market Trends : Rande Is . . . HOME

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To: Kevin Shea who wrote (5551)4/14/1999 2:19:00 PM
From: Rande Is  Read Replies (1) of 57584
 
IMPORTANT: : : : :MARKET DIRECTION: : : :

I am thinking that major "smart" money left high flying Inets this morning and fled to rock solid blue chips for the summer. . .as we have discussed doing here over and over. Watch for a similar move tomorrow, perhaps different sectors, but sudden unexplained rises in Dow blue chips and falls in Nasdaq over valueds. Taking profits where I can on many positions and going cash until things settle.

In the long ports, today would have been the day of reckoning I have discussed. . .I will update the long ports . . probably tomorrow to reflect changes. . . may even go short some things.

If this trend continues into tomorrow, then I believe our top has been reached. . . .day before tax day? Duh. . . Isn't that where I predicted about a month ago, where the top would be to the day?

Rande Is
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