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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (49519)11/30/2000 9:13:22 PM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
ME? We are not there yet! Bad day tomorrow and Monday... mebbe Tuesday, a bounce, an intermediate bottom possibly by mid-December.

But NOW? Knock yourself out!!!



To: GROUND ZERO™ who wrote (49519)12/1/2000 6:44:29 AM
From: Gary105  Read Replies (3) | Respond to of 94695
 
Thoughts on Nas, comments welcome: Not too long ago Nas tested gap at 2850 and failed to hold it, falling below. My experience indicates that these gaps which formerly served as floors, can now serve as ceilings. Also P/E of top 30 Nas stocks is still very high (upper double digits) while earnings projections are decreasing. While I believe interest environment is benign, the real focus should be on growth which is slowing.

Bottom line on Nas - for near term, peak is 2850, bottom will surpise many...

Comments welcome.