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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (2315)	1/18/2001 10:13:03 PM
From: Eurobum1	Respond to of 6445

Jenna...Some random thoughts... This bear rally is due to various possible reasons : 1. The big boys want to eat the whole "PUTS" pie (a lot of people buy Jan. puts because they/we know the earnings will be shitty) 2. Fido might already finish to unload a big chunk of their tech holding. Small hedge funds/"smart" investors knew that fact and they turn around to mess with the NAZ. thestreet.com Growth funds love to buy CSCO, INTC, MSFT etc... so this is time to load them up. It's very easy to manipulate the NDX and the QQQ. All you need is a couple of points for the 3 big guns mentioned above plus all the talking heads on CNBC and you have a bullish market. 3. Big fund houses play along with them because they don't want the statistics to show that short funds return 25- 50% the last 3 months and they are in the deep red sea. That looks BAD. 4. It's nice to make the shorts pissed in their pants for few days. They are over-confident just like the rest of us during last March. You guys could point out more reasons for this bullish rally that we've heard the last few days on TV and radio. Anyway we should not fight the tape. Just trade in and out all day long and be ready to short for the next down turn.

To: Jenna who wrote (2315)	1/18/2001 11:14:04 PM
From: Jimbo Cobb	Respond to of 6445

We are short term overbought and I'm look at some pullbacks next week and/or during the later periods tomorrow. I don't disagree with that statement. Nothing wrong with locking in some profits...I took some today and plan to take some more tomorrow...that said, the trend is UP !!!! Jimbo.