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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: marvin smith who wrote (45864)1/19/2001 1:18:17 AM
From: GREENLAW4-7  Read Replies (1) | Respond to of 57584
 
Remember in 98 earnings were not CUT or lowered, this is not going tobe as easy as it looks!! Watch the MM's paint the tape in the morning trades, but be very careful for a roll over at 2840-2870 area. The nasd went from 2300- 2850 in about5 trading days, last time we did that was back when Bush got elected and NASD went from 2600-3000 in 5 days, but the following 10 were down!!

This reminds me of when OIL went from 28-40 in 3 weeks and I went short on the Oil market and drillers, most thought I was crazy!!!!! Looking out over the next 6-8 weeks NASD should not be above 3200 until 3 week in Feb!! At the current streak you would believe NASD would see 3500 by 2/14

Good luck all and use me as a contrarian indicator. I always experience pain before a nice GAIN!!