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

To: carepedeum2000 who wrote (46732)	2/6/2001 4:12:29 PM
From: maverick61	Read Replies (1) \| Respond to of 57584

Carpe - Yes, I agree, tomorrow could very well be a reversal day with the headfake at the open. WHich way is unsure - but IMO, we are locked into a trading range on the NAZ - and there are no short term catalysts to move techs significantly in the near future. Everyone has taken their numbers down for the next quarter - and yet we keep hearing more negative guidance daily (see AMCC, SUNW, SANM today). I think an adept trader will be able to make some proifts trading up and down within this range - but I would be very surprised to see any significant moves until much farther out in the year. So for now, I will continue with my 1/3 NYSE / fed-ease plays, 1/3 select value or spec tech plays and 1/3 cash - which I will trade up and down as the trend warrants.