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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?


To: Bald Man from Mars who wrote (41687)3/29/2001 8:13:50 PM
From: KevinMark  Read Replies (2) | Respond to of 49816
 
Has it occurred to anyone here that maybe this bad news is priced in for the short-term? Or, maybe short-sellers need to "cover" before tax day, versus selling stock before tax day?

I could be completely off basis, but did anyone notice the oil sector and the natural gas sectors tank today? Also, did anyone happen to catch the volume on the daq today? And, did anyone catch Pisani talking about investors are now worried about warnings in the cyclicals as opposed to tech? I believe some of that money is making it's way over to tech land for the short-term.

Don't get me wrong, I'm not saying we have put in a final bottom here. But, I am suggesting that we will have a pretty decent tradable rally to the upside, before the next phase of selling comes at the end of this month to early May.