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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (57041)7/22/2000 10:46:51 AM
From: Eski  Respond to of 99985
 
Agree, I have lighten up big time on Tech's at these levels. Those's who want to believe we see 4500 on Nasdaq in August more power to them, it's there money. I'm shorting rallies and buying dips for daytrades and 1 to 2 day hold only. My belief and only opinion is we see sub 4000 in August. Now that most of the big Boys have reported except for CSCO I don't see how we'll get to 4500. CSCO by itself won't get us there. They need MSFT and INTC to lead the way and I don't see that happening.

I talk to my Salomon Smith Barney Broker on Thrusday to sell 2 Tech Funds I had left on the Greenie rally. Much to my surprize they were honest to me and admitted they weren't very Bullish on the Markets in the Short term for at least a year. HUMMMMM