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


To: Softechie who wrote (27713)6/14/2001 12:12:00 PM
From: Ron Dior  Read Replies (1) | Respond to of 37746
 
Dow is bailing out techs big time now it's the main reason why techs won't crash.

I agree 100% Soft, but at the same time I feel that this is the problem. Dow being near an all time high and Naz being nearer an all time low bodes poorly for the markets in general. This gap needs to be closed and the only way for that to happen is for the Nas to get it's wings back. The Dow must fight it's way up because of it's high levels where as the Naz is just being dragged up and down with it. Nas must lead again which will allow the Dow to inch it's way alone. I honestly believe the Naz had bottomed in April but until picture is clearer it cannot lead the way. How soon this will occur is another story.

Ron Dior