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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (50991)	4/13/2001 12:28:03 AM
From: Gary105	Read Replies (1) \| Respond to of 94695

Looks like Nas will test its 50 d MA soon, another 10 - 15% up. There are several competing factors here: On the plus side - a lot of fear a couple of weeks ago (short term bottom), nas has yet to have significant countertrend rally and is well below short term resistance (50 d MA), also markets anticipate the future and many gurus believe interest rates will work their charm in second half of year, and people are afraid to miss bottom, even bearish cyclepro site is timing a countertrend rally to low to mid 2000s now, 2002 should show eps improvement when compared to disastrous 2001.... On the negative side - too much "conventional wisdom" calling for recovery in 2nd half, economic indicators (ECRI) indicate potential for longer recession, some gaps being created on the way up (to be filled either in near term or at end of next up cycle), valuations high end for big cap tech (but no longer outrageous), significant upmove however would create bubble again congratulations on good call so far....and having the wisdom to protect yourself with stops