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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: DlphcOracl who wrote (16224)4/14/2001 9:25:58 AM
From: Sharck  Read Replies (1) | Respond to of 37746
 
"...do we have one good dump left in the market between now and September..."
Most traders expect it to come this week past as historically traders sell stocks to pay for taxs. As we all know, the big money was on the short side so it is not unreasonable to believe that much of the "profit" taking we say last week was short sellers covering. Previous post suggests a near term bottom, and again, I will be watching for key support levels going forward, 2000 on the NAZ being the next one.



To: DlphcOracl who wrote (16224)4/17/2001 1:33:51 AM
From: velociraptor_  Read Replies (1) | Respond to of 37746
 
Dlph...yes I still think the market has one more good dump to go to new lows. Following that, I expect a good sized rally from there as we head into the major B wave of this whole correction. No where near new highs for the Naz though (3000 is the absolute top and I doubt it gets there.) and the DOW will struggle (could go as high as 10,800 though).


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