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


To: dennis michael patterson who wrote (26975)8/7/2000 3:34:53 PM
From: Electric  Read Replies (1) | Respond to of 42787
 
dennis,

Me thinks we have a rally in the AM and a sell into the afternoon tomorrow. I see some strength here, lets see how she closes. If we close in this area, I still think we can move tomorrow in the early going. I am also not sure wether CSCO would be sold into given the strong inst holding it is for ALL large cap funds. I tend to think that as long as the growth rates are in line, they may actually buy it.

I tend to not want to be in the fray though since it can go in the other direction even more furiously.

How about RMBS at 70? That is amazing.. TLGD kicking @#$$%%$

See you later..



To: dennis michael patterson who wrote (26975)8/7/2000 8:40:04 PM
From: Trumptown  Read Replies (1) | Respond to of 42787
 
DMP,

You, Chris, Don, Robert, Paul and others are doing a great job with this thread...congrats!

Seems to be wide spread expectations that CSCO will likely drag the market lower due to 'so so' earnings, or the typical post earnings dump...

Well, history has proven the market generally does the opposite of what most expect it to...a phenomena that is really quite amazing...

The longer the market holds it's own into August, the more likely the trend will continue higher...after all, everyone knows September will be up, right??? Ya know, election year and all... Kinda like last December's rally in anticipation of the January "everything's still on" rally that never happened...

Strong Augusts are rare...but with the higher low, wedging in on 4k, the late May bottom is looking like that may have been it for now. Would not be surprised to see resistance at $4k turn into support within a week or so...all imho

MDA Exilee,
SR