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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?


To: t2 who wrote (19471)3/15/2001 12:12:09 AM
From: Tunica Albuginea  Read Replies (1) | Respond to of 24042
 
Tokyo stocks turn up, UFJ's bad loan stance helps.Regain all losses,

biz.yahoo.com

Hong Kong up

biz.yahoo.com

US futures all green

cnnfn.cnn.com

Bears in CFZ getting ansy?

Message 15506117

TA



To: t2 who wrote (19471)3/15/2001 2:39:19 PM
From: larry  Respond to of 24042
 
t2,

Where is the explosive upside move on NAZ today?

If ORCL can delay their warning until at least May and CPI is great, NAZ should see a modest rally tomorrow. Otherwise, it's bloody Friday again. The bottom line is, you can ignore all the bad news all you want, BUT we are seeing a negative earnings growth momentum in high tech that will last much longer than 99% of the bulls will believe. Great fool theory is not gonna work even at "such ridiculously low price" because only tech lovers and wounded bulls believe so.

NAZ can rally or burst upside for a short while, but the long term trend on both DOW and NAZ are down. The resilience on the indexes are expected. NAZ 2k and DOW 10k are really like guys being pushed to the edge of the cliff. You have got to fight for your life. Unfortunately, I don't see them having enough power to fight back. And the next you know, enjoy the valley. So be careful. The big guys are still selling into the rally to small potatoes.

larry