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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: StockHawk who wrote (3749)9/26/2000 2:53:03 PM
From: kokomama  Respond to of 65232
 
<Why I think the NASDAQ is going to move up from here>
Although I'm partially invested right now, these wishy-washy moves above and below 50 day moving averages for indices and stocks have me wishing I were totally in cash. Somehow, given the season (Sept/Oct)..I think the sentiment has to become more negative before we can move upwards. And the sentiment doesn't seem to want to get negative enough with simple oscillations around the 50 d MA.

Unfortunately, I think some kind of high-volume washout is going to have to occur before we can gather momentum in the opposite (up) direction.

-kokomama