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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (41484)3/20/2001 5:17:20 PM
From: ajtj99  Read Replies (1) | Respond to of 56537
 
Max, I haven't been following the semi's that closely because they still have a bounce before they capitulate, IMO.

You pretty much know the majors - PMCS, BRCM, etc. I think it's pretty dangerous to put them here before the bounce.

As for the NDX just before the announcement, it might have just been some last minute selling to lock in profits before the announcement by some computer programs at the major brokerages. Why sell at 2:00 when you can sell at 2:14 by computer with yourself as the market maker?