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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?


To: Frederick Langford who wrote (48929)5/29/2001 10:50:27 AM
From: SouthFloridaGuy  Read Replies (1) | Respond to of 49816
 
Thanks Fred. I am going to continue to play the trends, with tight stops. If I ever give anybody a piece of advice, it's to immediately put a stop loss on any pick that anybody on this board makes no matter how "gurufied" they are.

JNPR broke some major support today - we shall see if it can rally back intraday. Overall, I don't think that bodes well for tech stocks as a whole as it has often been a leading indicator of things to come.

We shall see. I still believe that we will see Nasdaq break the 1600 low. There is way too much overhead supply.

Ultimately, if history serves as a barometer, Nasdaq 800 should be in the cards when this bear market is over in 1, 5, 10, who knows how many years?

Trading is a man (and woman's) best friend during these environments.