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To: Ken98 who wrote (104302)5/23/2001 4:48:20 PM
From: Earlie  Read Replies (2) | Respond to of 436258
 
Ken:

And right on schedule (see my comments from this morning). (g)

While I rarely disagree with the thread's excellent chart readers, personally, I expect the Q2 warnings to just bulldoze most chart considerations into the background. I don't like hyperbole, but IMHO, this market has set itself up for a complete annihilation. Stock prices have been chased to precarious levels on blatant fairy tales. Retail investors (those who were wounded but managed to survive) are still smarting from the earlier NAZ collapse and may be a bit more inclined to sell the news and ask questions later. I expect the markets to simply crumble under the onslaught of the coming gritty numbers and turgid "visibility". It is for certain that Q2 warnings will write the epitaph for the "second half rebound".

I wonder how deep, wide and misty a valley the sheep can be persuaded to gaze across. (g)

Best, Earlie