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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (32983)9/12/2000 8:41:10 AM
From: gerard mangiardi  Respond to of 50167
 
Haven't posted in a while but decided to share some ideas. My guess is that oil prices are at or near a cycle high. I suspect that inventories are much higher than has been reported and that traders have been having a ball. By winter price will be back to the low 20's.
The market is very interesting here. Tech leader like csco msft ibm and intc have all been hit by negatives of one kind or another. While they are down others are down much more and I'm thinking that techs are currently not nearly as richly priced as headlines have been suggesting. The question is will new new leaders emerge or will the old ones reassert themselves in the near future?
Lastly if everyone is a TA and momentum player can these tools continue to be reliable?