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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: 16yearcycle who wrote (3099)	11/16/2000 3:24:36 AM
From: fedhead	Read Replies (1) \| Respond to of 57684

I think the NAZDAQ has bottomed. The key NAZDAQ stock is CSCO which has managed to hold at the 50 area. Today the NAZDAQ could have gone down after the Fed retained its tightening bias, and all the bad news coming out of banks,(about the credit spreads, bad loans from First Union and Bank of America) but it didn't.The SOX seems to have bottomed and SOX has always been a leading indicator. I don't know whether this is the definite bottom but I think we get a tradeable rally. The techs like SUNW, ORCL, AKAM AMCC, JDSU etc are broken and will build bases from here onwards. QCOM looks poised for a decent move.