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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: d. alexander who wrote (24711)1/4/2000 11:00:00 PM
From: elepet  Respond to of 68391
 
Thanks...it's a great list.



To: d. alexander who wrote (24711)1/4/2000 11:22:00 PM
From: j g cordes  Read Replies (1) | Respond to of 68391
 
Hi Dorothy,

Selling has arrived right on schedule, holding puts into tomorrow.. we should be up 50, then test below.

A couple of things going on which I've discussed here before.

1. Liquidity needs to/ or is being drained post y2k.
2. Tax defferal to year 2000 held the market up into the new year. The stall doors are open now.
3. There's more opportunity to make money on the downside, we got way over bought (a phrase that's past its prime).

Analysts have gone bonkers.. raising their price targets just to keep investors stampeding while I suspect their cohorts were setting short traps.