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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: J_K who wrote (13613)11/19/2000 2:38:03 PM
From: Dave Gore  Read Replies (1) | Respond to of 39683
 
Definitely no crash next week. If anything quite the opposite although a tight range is quite likely. Bush lead looks insurmountable as Gore is gaining very few votes on the recount. Election worries are old news anyway. Market is getting bored with it. With whoever wins, we get gridlock which is all the market cares about, when all is said and done.

Historically, I believe, the day after Thanksgiving is a pretty good one, albeit on low volume. The market has 10% downside and 35% upside by mid-Jan. in the NASDAQ.

The only worrisome time is early - mid Dec. with earnings warnings, but hopefully analysts expectations have been reduced for this quarter. I think they have.



To: J_K who wrote (13613)11/20/2000 8:45:51 AM
From: CatLady  Read Replies (2) | Respond to of 39683
 
re: monday crash.

Futures started in that direction around 7:20. Is this why? ( found it posted on SI )

08:12 ET Networking Sector Downgrade : Along with lowering JNPR and RBAK to OUTPERFORM, Morgan Stanley reducing its sector rating to NEUTRAL. Firm also lowers price targets on several names: CSCO target goes to $75 (from $90); EXTR to $105 (from $135); RBAK to $115 (from $150); JNPR to $200 (from $275).