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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: TraderAlan who wrote (10683)11/21/2000 4:15:01 PM
From: Paul Viapiano  Read Replies (1) | Respond to of 18137
 
Alan,

I think the last shakeout is imminent...mid 2600's possibly. And we may get there tomorrow...

I think that an inverse H&S may be setting up in the Naz comp...of course, this is all very premature guessing.

But the key for me will be less new lows when the right shoulder forms...I'll be looking for opportunity there.

Always helps to dig out the old tomes at times like these and Justin Mamis' The Nature of Risk has been an old friend these last few weeks.



To: TraderAlan who wrote (10683)11/21/2000 4:40:09 PM
From: TraderAlan  Read Replies (2) | Respond to of 18137
 
Interesting. Now we have Blodget predicting the demise of the majority of public Internet companies. A little change in sentiment since last winter. I'm smelling a bottom in the Net wreck in the next few months, perhaps right after Xmas when we should have a wave of bankrupcies.

BTW HRE remains profitable <g>:

"Blodget's report also said it sees the "effects of 'dot-com incest'" slowing growth for another two to three quarters," resulting in the disappearance of the "vast majority" of Internet companies."

Alan