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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades -- Ignore unavailable to you. Want to Upgrade?


To: Jeff Jordan who wrote (230)5/25/2001 3:24:57 PM
From: Jenna  Read Replies (1) | Respond to of 1227
 
earnings warnings season about June 11. Actually what I'm seeing is an short term overbought nasdaq that is finally pulling back to acceptable levels. 5/20 we were hard pressed to find many techs that were not very overbought. Now the levels are more comfortable however as we move into the June 11 calendar date, we MIGHT have a few good days of of upside before we have more downside into the warnings season.

Its like the Florida Hurricane season. We get a lot of thunderstorms and bad weather before the season, but that's nothing compared to the bona fide actual hurricanes and tropical storms we get DURING THE season. So I can see this as the pre-hurricane season with some days of sunshine (like South Florida Climate) I think we might get more downside around June 11, so enjoy this it might be the best we can hope for.



To: Jeff Jordan who wrote (230)5/25/2001 3:38:11 PM
From: Jenna  Read Replies (1) | Respond to of 1227
 
Covering shorts.. good day. Now we have a full 15 minutes to survey the 'damage' and see what we can salvage here! You wonder what people who don't trade do all day!



To: Jeff Jordan who wrote (230)5/25/2001 5:15:52 PM
From: Jeff Jordan  Read Replies (2) | Respond to of 1227
 
follow-up on pre-Holiday effect....I was mistaken as usual...

I was also using the list incorrectly as it states buys before holiday and sale at the end of year...

Memorial Day -4.7%(buy 2 days before) 22.8% (buy one day before)

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