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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Stress who wrote (91699)4/5/2000 11:21:00 AM
From: Andrew G.  Respond to of 120523
 
There is no momentum to hang on to. No decisive direction in market. Lots of scalping. Programmed trading is making everything move in tandem.

For every position that is up there is one that is down among the big stocks.

EXDS JDSU CIEN CSCO CMGI DELL QCOM INTC all underwater to name a few.

Great time to be in cash and wait for another nasty downdraft to pick up more bargains.

With no momentum to hang on to, only daytraders can play here.

I'm mainly cash in case we crash.