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

To: larry who wrote (19851)	3/29/2001 6:27:32 PM
From: t2	Respond to of 24042

I think that NAZ can only bottom out sooner in one scenario, that is, DOW plunges below 8k in a hurry. The longer it takes to do so, the longer the bear market goes for NAZ. It will be genuinely shocking to guess how low these once high flyers can go when DOW plunges another 2k. Don't bet on sector rotation here, for sure. I am looking at Naz over 2000 in a hurry in the coming week or two. The stocks are not going to bounce before fundamentals improve but will move ahead of it. Now all we read about is how bad things are; not offering guidance beyond the quarter is a sign of bottoming IMHO. The economy is weaker but it is not falling apart at a rapid rate as suggested by the market. It is true that certain sectors like Networkers slowed down very rapidly but if the overall economy does not fall apart, it would be safe to say stocks are on the verge of a major move up..by major I am talking about Naz 2200 to 2400. It is going to be an interesting month. My prediction for a high on the Naz in April is about 2300..might seem a little to optimistic but I am going to stick with this prediction. I don't think every company is suffering in its business even though the stock market is suggesting it. By diversification, I mean looking at good growth sectors including 30% or so in tech stocks. Under my scenario, the broad market will move higher, including the Dow and S and P. That is the reason for the diversification. Why put all the eggs in one basket when there are so many opportunities. Hopefully, my scenario or prediction on the market is the one that comes true. That way most people on this board will be happy.<g> btw--even though i post mostly on the jdsu board, it is not a favorite for me in this environment.