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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Tunica Albuginea who wrote (68326)2/2/2001 12:07:57 PM
From: iod_sherwood  Read Replies (2) | Respond to of 99985
 
Still say the nasdaq tests lows... based on pig stock selling... ppl buying january stock futures for 6months out are playing themselves out to be fools in this market.

when the economy bounces... if and when that is... unless these companies dream up something new that everyone wants, otherwise we'll be doing a grind all year in tech... the JNPR/BRCM/JDSU... groups, they're not priced for the next "bull market" bounce... or whateveryou want to call it...

dow won't be puking nearly as hard. i've been looking at a few things... look at CP... they've been growing their business for 5 years+... but that's exactly how long it took for their stock to breakout to 5 year highs...

the market is shifting its attention...

i said Nasdaq Despair to come... sticking with that for now.

Funky looking ain't it...

stockcharts.com[w,a]dcclyymy[df][pb50!b200][vc60][iUb14!La12,26,9]

stockcharts.com[w,a]dcclyymy[df][pb50!b200][vc60][iUb14!La12,26,9]

Storage stocks are caving in also now... Just beginning to really crunch.

It's going to be slow.. but we're ranging lower on tech. big cap mess will drag it all lower.