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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?


To: Wayne Rumball who wrote (8510)10/10/2000 7:56:10 PM
From: wayne  Respond to of 11130
 
YAHOO
the whisper number was 2-3 more, but still a glimmer of light! seems the bad news gets out first then some surprises then business as usual. back to the WWW;>))



To: Wayne Rumball who wrote (8510)10/10/2000 9:52:44 PM
From: ChrisJP  Read Replies (1) | Respond to of 11130
 
Well Wayne, with YHOO hinting that with 40% of their revenue coming from .com stocks and Lucent saying that things may not be going well .....

I guess its time to see if this prediction of mine gonna come true ...

Message 14155626

Actually, this market is very oversold, so maybe staying in cash for 6 months is kind of extreme. There will certainly be rallies and plenty of reflex bounces. IMO, what happens under these conditions is the moving averages become upside resistance instead of being the support.

We shall see,
Chris