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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (27276)6/12/2001 9:27:25 PM
From: Paul A  Read Replies (1) | Respond to of 37746
 
Dale, I think even attempting to figure out where its going to go will leave alot of people dissapointed like never before.. It really has no ryme or reason at this point.. even todays rally sold off near the close, which was really strange considering how strong it was.. Some stocks did nothing, others did everything.. one day its this sector, the next day its that.. and the technical people all have a different spin at the close to justify the action. (not knocking them, just pointing out what I believe I see) :)

Today the nasdaq actually had some volume.. but that was because of the selloff at the open and then the squeeze at the end of day.. It just dosnt seem like that 'sidelined' money is really too eager to do anything other then trade the market..

Me- my hands are thrown in the air which is a signal for me to retreat and watch.. Everyone who is bullish today will turn bearish on the drop of a dime and v-vers. Find me a nice sub $10 stock to go long on and ill be deeply in debt.. other then that, this is just not worth the hassle trying to figure this crap out :)



To: DebtBomb who wrote (27276)6/12/2001 9:48:17 PM
From: lifeisgood  Read Replies (1) | Respond to of 37746
 
The market is impressive, money flying, record short interest.

You forgot to mention---> record bullishness, record complacency (VIX), PE ratios even higher than at the peak of last years bubble (e.g., INTC), deteriorating earnings, deteriorating foward guidance ----> sounds like a great time to buy......NOT.

best...

LIG



To: DebtBomb who wrote (27276)6/13/2001 12:10:06 AM
From: Teri Garner  Respond to of 37746
 
Amid April Rally, Fidelity Was Bearish on Tech

By Ian McDonald
Senior Writer
6/12/01 1:09 PM ET

Tech stocks may have had their best April rally ever, but it looks as if Fidelity fund managers weren't buying it -- literally.

thestreet.com