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


To: hjz who wrote (632)6/7/2001 12:17:19 PM
From: SirRealist  Read Replies (2) | Respond to of 9026
 
Agreed, hjz, and I doubt INTC will hurt a thing. NASDy has been stopped at 2250 twice, setting up a 'classic': 3 rejections spells doom. So watch us waver at the third, causing weaker hands to be shook out. Then we'll zoom on past.

To me, this is 'classic' MM manipulation.... which always seems to multiply in a somewhat horizontal mkt: play on TA fears.

However, a reasonable dip before the upswing of an earnings run is to be expected. And I am not convinced we are on a steady glide upward yet; that bottom needs a retest before the year is out.