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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Paul A who wrote (11474)	7/7/2001 3:01:56 PM
From: Tom Hua	Respond to of 19633

Paul, going into earnings season, TA (a trailing indicator, no better than Feng Shui) is absolutely useless. Market will be driven by earnings news. I anticipate a bounce starting with some prominent earnings mid week. We have YHOO (DCLK to a much smaller extent) representing internet; MOT for the semi; JNPR, SONS, and RBAK for telecom equip suppliers. If the Naz drops on these reports and CCs, then I'll get out of my longs. If Naz holds or bounces even slightly, then it looks good for the week after. Regards, Tom