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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: Jerry Olson who wrote (96362)5/5/2000 11:59:00 AM
From: Canuck Dave  Read Replies (1) | Respond to of 120523
 
I read stock charts too, and the indicators in general don't look good.

General lack of volume in the markets after the 25% Nasdaq drop indicates a real Bear is on the horizon. I think things will come into focus more after CSCO reports earnings next week. Have a hunch the trend (probably down) establishes itself in earnest next week.

I made enough in January and February, I really don't need to trade any more this year. But trade we must. It's so much fun.

Enjoy your posts.

CD



To: Jerry Olson who wrote (96362)5/5/2000 12:43:00 PM
From: lee kramer  Respond to of 120523
 
Volume is light...but only because OJ went out to lunch. However, I'm seeing a lot of 10,000-50,000 share trades on the NASDAQ. When "bad news" is announced...and we had a ton of it at 8:30 this morning...and the market doesn't get clobbered...it's time (I think) to look for the next NASDAQ rally...within the framework of our down-market. I would not be surprised to see the NASDAQ up over 200 points by today's close. Talk about going out on a slender limb! (Lee)