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


To: velociraptor_ who wrote (18636)4/26/2001 11:49:00 AM
From: DlphcOracl  Read Replies (1) | Respond to of 37746
 
raptor: The feeling I am now getting about the market, as we begin to exit earnings season, is disinterest. Investors are simply tired of checking their portfolios every day, tired of the volatility, tired of the lack of logical market movement.

My guess is that from May through September, we will form a long base, with one shakeout and retesting of the lows during the summer, possibly in either June during earnings warning season. However, I think the aggressiveness of the Fed, and the strength of the housing market and consumer will keep the market afloat. I am in the "don't fight the Fed" camp and believe there will be a definite upswing from October or November going into 2002. Many sectors in tech outside of telecom are showing some stability and the Fed rate cuts and increasing liquidity will eventually take hold.

I am looking for a better entry point back into stocks this summer and will be fully invested by October. Just my uneducated guess.



To: velociraptor_ who wrote (18636)4/26/2001 1:04:26 PM
From: Rambi  Respond to of 37746
 
The break can change the landscape for the outlook, but only if it closes above 10,700 or we break over by at least 10 points on strong volume.

DOW= 10725
Resistance seemed futile.
What does this do to the pattern?
Sold calls too early, and have puts that are mush.
Would like to strangle Elliott.