Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mark Konrad who wrote (46698)	2/6/2001 1:18:32 PM
From: Rande Is	Read Replies (3) \| Respond to of 57584

. . . . . . . . Another Milestone?. . . . . Nasdaq now up 100 points from the end of the 4DML notice yesterday. What a nice place to cover our shorts and turn long. . . and an easy call for everyone with our liquidation squeeze "indicator". A bit over 1 month into 2001. . . . The Nasdaq Composite is up about 430 points on the year!! That's about 19.5% year-to-date. The Nasdaq 100 is up about 370 points on the year. . .or a gain of nearly 18% year-to-date. And it is increasingly apparent that December 21, 2000 marked the shift in trend. Since March 10, 2000 trends have been downward. But it appears that mid-December marks the turn northward. . . abbreviated by an OBVIOUS sharp market dump the day that the Fed Rate Cut was LEAKED. . . followed by the sharp burst off the announcement. Again, removing this manipulation from your charts paints an entirely different picture of what has been going on of late. From a more subjective viewpoint, what the market wants, it never seems to get. And what it gets, it never seems to want. Perfect scenario for a rather boring mostly sideways year. . . . But if I had to guess where the Nasdaq would close the year, I'd say "closer to 4000 than to 3000". So even though we'll be moving mostly sideways, the positive buoyancy we've been enjoying with the added liquidity will move us slightly higher over the year, IMO. And I believe we will peak our heads over the 12,000 mark on the Dow this year. . . which is certainly more significant than the gradual recovery of techs. The biggest percentage movers still appear to be the smaller cap techs. . . opposite of 1999 when the big cap techs made the highest percentage gains. So we've all gone fishin'. . .while we drop anchors in the New York Lake of Three Letter Issues. Reasons? Liquidity, interest rate cuts over the next 8 months or so. . . liquidity. . . sidelined money and fund managers getting back into the game. . .improving earnings from many cutbacks for fear of recession, [which all but dries up by September, IMO]. . . . and did I mention liquidity? Rande Is