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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: jazzallnight who wrote (116967)	11/19/2000 8:56:35 PM
From: Dave Gore	Read Replies (1) \| Respond to of 120523

Jazz, it's all in fun....chill out. Here's another opinion. Others, like Oliver Velez, believe that most of the pain and annihilation has already occurred and the market is ready to move forward. "We're moving historically into the most bullish three-month period of every single year, November, December and January, what people call the Santa Clause period," he says. "I think we are in the tail end of the capitulation now." Velez says as soon as the election mess is out of the way, the market will breathe a sigh of relief and look for any reason to shoot upward. "I think people who start moving into the market now are going to look like heroes at the end of January." Velez describes this scenario in his book, Tools and Tactics for the Master Day Trader. He calls it the "bandwagon theory." Basically, a bandwagon full of people representing the market was so heavy it couldn't plod forward. In the last few months, the people on the bandwagon got knocked off violently. Now, the bandwagon is light enough to move forward in a robust way.