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To: Jacob Snyder who wrote (7253)3/22/2001 5:13:45 PM
From: chic_hearne  Read Replies (1) | Respond to of 10934
 
Yes, I expect earnings season to be a disaster. The guidance should be even worse. By the end of April, no one will be buying this 2nd half recovery load of shit that insiders are using to give them a little longer to bail out.

I do distictly remember a few times last year where VERY bad news was bought anyway. Look at the SOX today, or MSFT. So who knows what happens? The long term trend should stay intact until we have the Naz in triple digits. The real battle on the Naz will be in the 1140 area. I don't expect that to break without a big fight. These bear market rallies are just little bumps on the chart in the scheme of things.



To: Jacob Snyder who wrote (7253)3/22/2001 9:40:55 PM
From: Boplicity  Respond to of 10934
 
if if if, re: BTB always lagging, just think what will happen when it shows a reversal, I believe it's better to watch how MU moves and what they say, DELL is a good indicator because they are JIT to the max. (MU might be the right shoulder in the making, though) re: Japan, they have finally started to see the light, I feel good about it. re: analyst, They have already downgraded the storage sector. re: The stock has seen 17.625 NTAP is very close to breaking out of the downtrend and beginning the base building process.

The DOW dropping is the end stage. Two things need to be watch. The first could happen faster. The DOW could pull the NAZ along with it. The second will take longer. As of now, most the bad news out of the bag, so we have grace period. Stocks are not moving on this qr. earnings, they are moving on the possibility of better visibility three to fours months from here.

Frankly, I believe the bears hanging out now are more like hyenas, picking at scraps and lower on the food chain. What more do you want? Nearly ever national mag had bears on the covers. Classic signs are everywhere. People walking around that do not know we are in bear market, never knew we were in a bull market in first place. I also believe we nothing to fear but fear itself. <g>

Bebop