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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: $Mogul who wrote (101846)	5/1/2000 4:12:00 PM
From: hotlinktuna	Respond to of 108040

you may be right....I'll be exiting most of my positions early tomorrow on what I believe will be a positive opening. I did have a very good day trading though today thankfully! tuna

To: $Mogul who wrote (101846)	5/1/2000 4:24:00 PM
From: Jack Hartmann	Respond to of 108040

mkt is due to get pounded again..complaincy again Mogul, Nasdaq up 2.53%. Three days in a row when it should have gone down and tested the bottom. Nasdaq acted more like a cat with a clothes pin on its tail than any rational explanation. Two weeks ago, no one thought 3850 Nasdaq could be here so soon. I wouldn't mind seeing some tech bellwhethers like JDSU and GLW go down 20% so I can buy them, but I'm not so sure it will happen. I remember when the Oct. 98 crash ended, the Nasdaq went on a six or seven day run. All gains were retraced in two months. Defied explanation. Dot.com and unprofitable stocks haven't really recovered so rallied is built on strength of profitable industry leaders like ORCL, CSCO, JDSU, etc. The MACD on the QQQ is on a continous upswing since April 24. Breaking 4000 for a close wouldn't surprise me. Jack

To: $Mogul who wrote (101846)	5/1/2000 4:25:00 PM
From: YourKing	Respond to of 108040

Lets not get to carried away about where the market is going. Stocks go up, stocks go down; Indices go up, indices go down. Sounds like you are already short from 3300.

To: $Mogul who wrote (101846)	5/1/2000 4:42:00 PM
From: stan s.	Read Replies (2) \| Respond to of 108040

Hi Mogul, I tend to agree with Jack. We appear to be in the midst of a rally of uncertain duration. Not much irrational exuberance here(some complacency perhaps but nothing like before), at least not on a grand scale, witness the low volume. I think we'll dip after the rally's over to be sure, take out some of these gaps and hopefully form higher bottoms. But I think the path of least resistance is up for the moment, taking out resistance at 4025 seems doable. I'm just taking it one day at a time and like a lot of what I see but the key is to take profits relentlessly IMO. I notice some small and midcaps joining in the last couple of sessions, some 2nd tiers starting to move. One thing that does concern me is the relative weakness of the semis today, hard to progress without 'em. Hope you're doing well. Stan