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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: drsvelte who wrote (25883)7/24/2000 1:48:47 PM
From: drsvelte  Read Replies (2) | Respond to of 42787
 
more rumors...(from theStreet.com)

Continuing to see sellers and shorts initiate the PC space (boxmakers) as rumors circulate of a shortfall at a major player. Couple that with a report that personal computer sales slowed in the second quarter (possibly signaling a potential maturation of the U.S market), and you've got all the ingredients for a bear raid.
As we try and get our arms around the merits of the stories, we continue to be in a shoot-first, ask-questions-later mind frame. When rumors or news permeate the marketplace, sometimes the psychology is what you've got to gauge.

We're watching the QQQ at this 96 level, where it held last week.