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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Dalin who wrote (28605)1/9/2001 5:30:41 PM
From: limtex  Read Replies (3) | Respond to of 65232
 
Dalin - Well Tuesday the shorts usually paly golf so we got the usual let off today. Now tomorrow the shorts are back for business. Any guess which day this week we get the big down?

Friday some economic numbers which can't be good whatever they come to. So Friday is a good bet for a big one down over 150 points since no-one os going to go home holding stock any more. The days of anyone except the really gutsy going hoem on a Friday with one share fo stock are well and truly over. See how many comentators say it. holding is lunacy given the arbitrary dowgrades you get for almost no reason today and a downgrade means a reduction in the stock price of between 30% and 50%.

OK so here's my guess

Wednesday - down 150

Thursday down 50

Friday down 80

Thats 280 and currently about 24 and ahalf puts the Naz at around 2100 - 2150 by the close Friday night.

Best regards,

L