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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (44439)	6/23/2001 4:04:15 PM
From: t2	Read Replies (1) \| Respond to of 56535

Window dressing week coming up--meaning per past patterns,stocks that did badly in the last quarter will be getting more selling pressure,and stocks that did well will get buying pressure as a significant amount of funds for lack of a better word "flim-flam" their costumers by dumping the baddies and buying the goodies and thus "window dress" their portfolio. That is why we get the one of the best trading opportunities of the year. The GLW, NTAP, GX, JDSU, NT and many many others have a great chance to bounce big in July and possibly even next week as people try to get ahead of it. Capitulation has taken place in so many of these names that a bounce after quarter end is predictable. Why would a fund not dump by end of quarter if they are concerned about having sit in their porfolio for mid-quarter statements. In addition, look at what Janus had done up to April 30. They lightened up on tech and raised cash but don't appear to have loaded up a the bottom in tech...creating a support to the market since a sign of any tech recovery could mean a stampede to tech stocks. In the meantime, buying should outweigh selling. In addition, short interest is near record levels on the Nasdaq while it had hit record for NYSE. That can only mean one thing to me....rally on the Nasdaq! Here is the article on Janus. thestreet.com