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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?


To: Jimbo who wrote (4150)1/9/2000 7:18:00 PM
From: t2  Read Replies (1) | Respond to of 24042
 
Yes - too much money on the sidelines 1st 3 days I'd wager will be up with traders squaring positions ahead of the CPI and PPI numbers on Thursday and Friday respectively.

There was so much gloom and doom mid-week that you would expect a lot of traders went short. I don't believe they have covered yet. With new money coming in, i see big rallies in the days ahead leading up to the PPI and CPI.
If we did not have a drop in the Naz last week, it would have been hard to call. However, as we got the "correction", there is only one way for the market to go and that is up.

If the futures are down, watch for a big reversal by tomorrow morning.