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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?


To: Jimbo who wrote (5093)3/16/2000 7:46:00 AM
From: Teflon  Respond to of 8096
 
I still *like* what happened in the NASDAQ yesterday. Over the long term this is healthy for the Market. Also, I liked seeing two of my largest holdings, MSFT and QCOM, go up while the "stock of the week" high fliers lost some steam. The Market had gotten out in front of these tech bellweathers, and it was starting to get troublesome.

Given this action, I see it likely that the NASDAQ will continue to retrace mildly while the tech bellweathers continue to move northwards and reestablish themselves as leaders in the Markets. INTC has already reasserted itself, and DELL appears to be picking up some steam.

Again, just my opinions,
Teflon