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

To: Mike E. who wrote (770)6/7/2001 5:01:53 PM
From: stan s.  Read Replies (2) | Respond to of 9026
 
well, whatever the merits or lack thereof, the set up looks ready for the naz to test the recent high at 2328...

LSCC appears to have a crappy outlook...doesn't seem to matter.

"As we have no visibility, our current outlook assumes no near term improvement in business levels.".



To: Mike E. who wrote (770)6/7/2001 6:04:12 PM
From: hjz  Read Replies (1) | Respond to of 9026
 
Mike, The market is in one of those buy every dip rallies. Last week when I saw BRCD at 36, CIEN at 52, JNPR at 40 and PMCS AT 31. Now almost all are up 10 points or more from then and it looks like they will be up again tomorrow. It is a time to stay with your longs and stay away from puts and shorts, the market will turn downward soon but after INTC states that business is getting better, it won't turn downward tomorrow or in the near future.

HJ


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